Market Analysis Archives - Bitcoinist.com

Tag Archive: Market Analysis

Bitcoin, Bitcoin Investment, Bitcoin Price, Bitcoin Taxes, News, News teaser
Could Bitcoin Be Prepping for Run as U.S. Tax Day Passes?

As the end of U.S. tax season approaches, Bitcoin bulls believe that the digital currency will finally begin its next run to prices over $20,000. But is it really going to run? The past few months have been rough for cryptocurrency investors, with the cryptocurrency market cap plummeting from a high of $820 billion all the way down to $250 billion. This came after the mainstream media began to pile onto cryptocurrencies in a manner
Read More
Nick Chong · April 17, 2018 · 8:00 pm
Altcoin News, Altcoins, Bitcoin, Markets and Prices, News, News teaser
3 Altcoins Likely to Outperform Bitcoin for the Week of April 16

This week has been very exciting with altcoins and bitcoin building momentum for a shift in market sentiment and crypto value. December until early April saw one of the largest corrections in Bitcoin’s history and the upcoming few months should present the perfect opportunity for a rebound of the cryptocurrency space. This week is very important for cryptocurrencies such as: Ripple (XRP), Komodo (KMD), and HireMatch (HIRE). For the first time in months, the news
Read More
JakeTheCryptoKing · April 15, 2018 · 1:00 pm
Altcoin News, Altcoin Price, Altcoins, Markets and Prices, News, News teaser
4 Altcoins With Major Events for Week of April 7, 2018 (IOST, XES, KMD, and PRL)

Each week cryptocurrency traders and investors eagerly analyze the calendar to see which events in the upcoming few days will provide the biggest shifts in momentum for specific altcoins. This week has four altcoins with major events: IOST, XES, KMD, and PRL. State of the Market What goes up must come down, and what goes down will eventually go back up. Markets have trends and these trends are amplified by volatility. For those invested in
Read More
JakeTheCryptoKing · April 7, 2018 · 7:30 am
Bitcoin, Bitcoin Investment, Bitcoin Price, Markets and Prices, News, News teaser
Bitcoin Hits $7,600 Defying Any Economic Orthodoxy

Not even taking a breather on weekends, Bitcoin prolonged its quick, unrelenting flight into the stratosphere, hitting a new all-time high of $7,600 USD, on Sunday, November 5, 2017. Snubbing threats from governments and influential bankers to crush it, and facing uncertainty due to the imminent Segwit2x hard-fork, Bitcoin continues to thrive spectacularly. Investors Shrug off Bitcoin’s Volatility, Lack of Liquidity, and Uncertainty Economic theories that would explain Bitcoin’s skyrocketing prices for four consecutive weeks no
Read More
Julio Gil-Pulgar · November 5, 2017 · 10:45 am
Bitcoin, Bitcoin Breaking News Brief, Markets and Prices
Bitcoin and Stock Markets Hit All-Time Record Highs for 2nd Week in a Row

Stunning investors and Bitcoin enthusiasts, both Bitcoin and US stock market values hit all-time highs for two consecutive weeks. On October 20, 2017, Bitcoin’s price punctured the $6,000 USD mark. Simultaneously, the Dow Jones Industrial Average set a new record high of more than 23,328 points. Impressive Record-Setting Two Weeks for Bitcoin and Global Stock Markets For two weeks in a row, both the US stock market and Bitcoin’s price, almost in sync, displayed spectacularly
Read More
Julio Gil-Pulgar · October 21, 2017 · 4:00 pm
Bitcoin, Bitcoin Price, Bitcoin Technology, Markets and Prices, Mining, News
Bitcoin Boom is Fueling Nvidia’s Stock Price to All-Time Highs

Nvidia’s participation in the cryptocurrency industry is paying big dividends. In effect, fueled by Bitcoin’s impressive surge, Nvidia stock price continues to soar. Bitcoin and Other Cryptocurrencies Are Here to Stay On October 10, 2017, Nvidia’s stock value reached an all-time high: $192.92 USD per share. In parallel, Bitcoin’s value soared to $4,800 USD per coin. This bullish drive demonstrates that Nvidia continues to profit from producing devices used in cryptocurrency mining, artificial intelligence, driverless
Read More
Julio Gil-Pulgar · October 10, 2017 · 11:30 am
Bitcoin, Bitcoin Investment, Markets and Prices, News, News teaser, Trending
Bitcoin Price Closer Than Ever to $600 as Bull Run Continues

Bitcoin has done it again. In just a matter of days, the world’s favorite virtual currency has shot up in price by another $40 USD and is now hovering at around the $579 USD range at press time. Also read: Bitcoin Price Finds Stability After Massive Bull Rally Bitcoin Continues to Rise As several fans and analysts proclaim, this rally is undoubtedly huge, and could likely spark a whole new era for bitcoin and digital
Read More
Nick Marinoff · June 5, 2016 · 5:00 am
Bitcoin, Bitcoin Price, Markets and Prices, News, News teaser, Trending
Will the Bitcoin Price Hang Where It Is for a Little While?

Since our previous look at the bitcoin price, bitcoin has enjoyed a hike of about two dollars. It’s not terrible; after all, any rise in price is something worth celebrating, but at the same time, $2 is nothing to jump and holler about. Considering bitcoin’s operations in the past, it’s probably safe to say that Bitcoin has found a spot to hover close and settle down for at least a little while. Also read: Bitcoin Price Stagnates, What
Read More
Nick Marinoff · May 15, 2016 · 5:00 am
Altcoin Price, Altcoins, Bitcoin, Bitcoin Investment, Emerging Markets, Markets and Prices, News, News teaser, Trending
Bitcoin Market Wrap Up 7/26 – 8/2: Markets Down, Vanillacoin Takes Lead

Since last week, Bitcoin has dropped a net total of approximately $10 (3.5%). This drop came after a brief surge to the high $290s; the Bitcoin price flirted with $300 but ultimately failed to break through the resistance. Furthermore, news of Mark Karpeles’ arrest seems to have indirectly affected the price. Also Read: Last Week’s Market Wrap Up Just a few days ago, Mark Karpeles — the ex CEO of the now-defunct Mt Gox exchange
Read More
Nigel Dollentas · August 3, 2015 · 9:00 am
Altcoin Price, Altcoins, Bitcoin, Emerging Markets, Litecoin, Markets and Prices, News, News teaser
Bitcoin Market Wrap Up 7/19 – 7/26: BTC & LTC Rebound, $300 incoming?

With a positive gain of around $20 this week, Bitcoin seems to be rebounding, perhaps for a potential break through the $300 barrier once again. The small bump in price is most likely associated with the positive news surrounding Gemini, the Bitcoin exchange in the making brought to you by the Winklevoss twins. Also Read: Last Weeks Market Wrap Up If you haven’t heard yet, the Winklevoss twins have taken one step further to
Read More
Nigel Dollentas · July 27, 2015 · 8:00 am
Altcoin Price, Altcoins, Bitcoin, Emerging Markets, Litecoin, Markets and Prices, News, News teaser
Bitcoin Market Wrap Up 7/12 – 7/19: BTC Down 10%, Markets Holding Steady

Bitcoin, among other coins, saw both an increase in price followed by a hefty decrease in price shortly after. Bitcoin broke $300 after nearly a month of steady price gains. Unfortunately, the price was not able to stay there for more than a couple of days and since then price has fallen. While the price has attempted on multiple occasions for reentry into $300, the highest Bitcoin has been this week $294. Price has continued
Read More
Nigel Dollentas · July 20, 2015 · 3:00 pm
Altcoin Price, Altcoins, Bitcoin, Emerging Markets, Litecoin, Markets and Prices, News, News teaser
Bitcoin Market Wrap Up: BTC Breaks $300, Rise And Fall of LTC

Rising around $50 in price, Bitcoin had a crazy ride this week. Breaking the monotony that we’ve seen for the last 18 weeks with only single digit changes and the occasional bull run, the rise from $260 to $310 is reminiscent of the kind of trading we saw last year. Also Read: Last Weeks Market Wrap Up With a steady buying pattern this week, Bitcoin users experienced steady gains in price with no signs of
Read More
Nigel Dollentas · July 13, 2015 · 2:00 pm
Altcoin News, Altcoins, Bitcoin, Bitcoin core, Bitcoin Politics, Emerging Markets, Litecoin, Markets and Prices, News, News teaser
Bitcoin Market Wrap Up 6/28 – 7/5: BTC Up From BIP66, Greece as Litecoin Approaches $5

Bitcoin has done extremely well this week, rising from a low of $249 from the beginning of this week, all the way up to a high of $270, with price sitting at $269.61 currently. With Bitcoin known to receive significant market movement from global politics, it is no surprise Greece defaulting gave Bitcoin a $20 boost in price. Also Read: Last Weeks Market Wrap Up Another event that has helped as well as slightly inhibited
Read More
Nigel Dollentas · July 6, 2015 · 2:00 pm
Altcoin Price, Altcoins, Bitcoin, Bitcoin Investment, Emerging Markets, Markets and Prices, News, News teaser, Trending
Bitcoin Market Wrap Up 6/21 – 6/28: BTC Holds Steady, Mintcoin Demand Increases

This week, Bitcoin has seen stable gains, securing a 2.25% increase. While we did see some dips this week, Bitcoin never fell below the $240 threshold. After Bitcoin hit its low at $240, it rose quickly, hitting this week’s high at $252. Since then, Bitcoin has decreased slightly and is hovering just under $250. Also Read: Last Week’s Market Wrap Up Volume has been in the average range this week — possibly on the lower end
Read More
Nigel Dollentas · June 29, 2015 · 8:00 am
Altcoin Price, Altcoins, Bitcoin, Emerging Markets, Litecoin, Markets and Prices, News, News teaser
Bitcoin Market Wrap Up 6/14 – 6/21: BTC Cools Down, Interest Returns to Altcoins

This week we saw volatility that was a lot, even for the relatively unstable Bitcoin market. The week started at a low of $230, spiking all the way up to the $260 range that totals to a nearly 13% increase in price. Like many people expected, however, the price quickly fell back down and is currently hovering at just above $240, coinciding with the prediction I made in last week’s Market Wrap-Up. Despite all the
Read More
Nigel Dollentas · June 22, 2015 · 12:00 pm
Altcoin Price, Altcoins, Bitcoin, Bitcoin Investment, Emerging Markets, Markets and Prices, News, News teaser, Trending
Bitcoin Market Wrap Up 6/7 – 6/14: BTC reverses trend, VTC Goes Down, XPM in its Prime

Since the last market wrap up, price in Bitcoin has finally hit bottom and the trend has reversed. The defining moment that turned the price around was earlier this week when price hit bottom at $222. Since then, price has increased at a steady pace totaling to a net gain of 4.5% over the last seven days. If current trends hold, I’d expect Bitcoin to be either approaching or however just above $240 this time
Read More
Nigel Dollentas · June 15, 2015 · 8:00 am
Altcoin Price, Altcoins, Bitcoin, Litecoin, Markets and Prices, News, News teaser, Ripple, Trending
Bitcoin Market Wrap Up 5/24-5/31: Bitcoin Falls Below $230, Ripple Rebounds, Vertcoin Holds Steady

This week in Bitcoin, we saw a straight trend downwards, with no reversals or bounces. The price briefly held at $240, peaking at $242, and then proceeded to slowly depreciate until it hit a floor at $228 — decreasing nearly 5% over the last seven days. Since then, the price has recovered slightly and is hovering at $230. Also Read: Last Week’s Market Wrap Up Bitcoin’s depression in price is most likely due to the attention OKCoin
Read More
Nigel Dollentas · June 2, 2015 · 12:59 am
Altcoins, Bitcoin, Litecoin, Markets and Prices, News, News teaser, Trending
Bitcoin Market Wrap Up 5/17 – 5/24: BTC Slight Gains, BC and VTC Surge

Bitcoin has made a healthy bounce back since we hit our weekly low of $233 around the night of May 18th. However, Bitcoin only made an additional gain of 1.8% during the week. Also Read: Last week’s Market Wrap Up Between the 17th, and 24th, we’ve saw the Bitcoin price fall from $237 to $232, with most of the 2.1% decline occurring in a couple hours between the 18th and 19th. In that same time frame, we also saw
Read More
Nigel Dollentas · May 25, 2015 · 8:00 am
Altcoins, Bitcoin, Markets and Prices, News, News teaser, Trending
Bitcoin Market Wrap Up 5/10-5/17: BTC Plunges, Ripple Still Down, EAC Up

Since last week’s Market Wrap Up, Bitcoin has taken a dive in price, dipping 2.25% from a high of around $244 to $236.50 as of press time. Compared to the mid-week update over on BTC.com, the change is much more sudden as the plunge from $244 to $236 occurred in the later hours of May 13. Also Read: Last Week’s Market Wrap Up There seems to be no bad “seed” of news that whales could be
Read More
Nigel Dollentas · May 18, 2015 · 8:00 am
Altcoin Price, Altcoins, Bitcoin, Litecoin, Markets and Prices, News, News teaser, Trending
Bitcoin Market Wrap Up 4/26-5/3: Market Trends Upward, Litecoin Similar Patterns & Vericoin Skyrockets

Cryptocurency markets have been very promising this week. Bitcoin started out at $220 and has crept up to approximately $240, making for a net gain of 9.5% for the week. Also Read: Last Week’s Market Wrap Up Volume has remained fairly level this week, currently sitting just under $18 million — a healthy sign of natural trading without whale influence. The market graph shows a “tick-tock” pattern where the price will peak, move sideways, and then peak again. After
Read More
Nigel Dollentas · May 4, 2015 · 8:00 am
Altcoin Price, Altcoins, Bitcoin, Bitcoin Exchange, Bitcoin Investment, Darkcoin, Litecoin, Markets and Prices, News, News teaser, Team
Bitcoin Market Wrap Up 4/19-4/26: Market Slides, DASH & ZiftrCOIN Squeeze Through

Bitcoin experienced common symptoms of what I would like to call market manipulation: sudden rise of value followed by a steady decrease in price, punctuated with a sudden and sharp decrease in price. Also Read: Last Week’s Market Wrap Up If nothing else from this article sticks, just know that this week in Bitcoin that the price fluctuated from the low $220s, rising all the way up to $240, where it then decreased and hit
Read More
Nigel Dollentas · April 27, 2015 · 8:00 am
Altcoin News, Altcoins, Bitcoin, Darkcoin, Emerging Markets, Litecoin, Markets and Prices, News, News teaser, Trending
Bitcoin Market Wrap Up: 4/5 – 4/12: BTC, LTC, and DASH Down, Crave Cut Short

The bitcoin price is down once again this week — by approximately 9.7% — and volume has been extremely low as well, which comes to more of a shock to people than the price. Also Read: Last Week’s Market Wrap Up As of press time, bitcoin’s total 24 hour USD volume was $12.2 million, lower than the average $15 – $20 million USD volume we see on a typical day of trading. Price has flatlined in the
Read More
Nigel Dollentas · April 13, 2015 · 8:00 am
Altcoin News, Altcoins, Bitcoin, Darkcoin, Markets and Prices, News, News teaser
Bitcoin Market Wrap Up 3/22 – 3/29: DRK Dashes to New Heights, BTC declines

Bitcoin was still suffering a decline from the week before due to a disappearance in Evolution, one of the bigger dark web marketplaces available. Bitcoin started the week around $270, and ended at $241, making for an approximate decline of 10%. Also Read: Last Weeks Market Wrap Up Agora, one of the Evolution’s biggest competitors to replace Silk Road and Silk Road 2, is currently being monitored for a wallet with almost 24,000 BTC in it. While
Read More
Nigel Dollentas · March 30, 2015 · 8:00 am