• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: BREAKING: Three Arrows Capital Co-Founder Receives 4-Month Jail Sentence In Singapore
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Three Arrows Capital Co-Founder Receives 4-Month Jail Sentence In Singapore
Bitcoinist Market Analysis

Bitcoin Market Wrap Up 3/15 – 3/22: Evolution Admins Run w BTC, DRK Rebrands to DASH

Nigel Dollentas by Nigel Dollentas
9 years ago
in Altcoin News, Altcoins, Bitcoin, Darkcoin, Markets and Prices, News, News teaser, Trending
0

The Bitcoin market this week has been volatile, shifting a total of $43.39 between this week’s peak of $293 and low of $250. We saw the market retest territory and for a little while it seemed like we would break $300, with volumes exceeding $50,000,000 at some points.

Bitcoinist Bitcoin Market
Bitcoin Market 7 day chart provided by Bitcoin Charts

Also Read: Last Weeks Market Wrap Up

The massive fall drop in the bitcoin price — amounting to approximately 15%– may be due to the fact that the Evolution drug market closed after a staffer alleged that admins had scammed its huge user base. Bigger than the original Silk Road or its descendant Silk Road 2, Evolution was able to amass 20,000 drug sales shortly after its launch on January 14th of 2015.

The theft was executed through exploiting the market’s escrow service, as the owners of the site, held two of the three signatures required in a multi-signature transaction.

The theft, estimated to be around $15 million USD worth of bitcoin, showed all early warning signs. Delayed withdrawal, administration giving dodgy answers, and the market’s forum also went down.

Evolution’s PR representative went by the name “NSWGreat,” who stated that he or she was able to see the back-end of the website, and saw some strange things. According to NSWGreat, automatic withdrawals were disabled, with not a single withdrawal going through in over a week. Shiny Flakes, a popular vendor on the marketplace, last left a message on his or her profile on March 11th, stating, “DO NOT BUY HERE. VENDORS RUN FOR YOUR LIFE.”

Bitcoin has since recovered, jumping up 3.5% on Sunday, yet again testing the waters in $270 territory. With volume slowly crawling upweards as well, there seems to be a significant backing to this recovery.

Darkcoin Analysis

The Darkcoin price rose approximately 50% this week, going from $3 to $4.60 as of press time. Darkcoin announced earlier this week that it was going through a rebrand, to Digital Cash, with the ticker symbol as DASH.

DRK

The announcement was soon followed by a shakeout to accumulate some sub $3 Darkcoin, and shortly after shot to a peak around $4.70. It then leveled off, with volume dropping from nearly $1 million to roughly a third of that at around $338,000.

While the rebrand has not completed yet, Darkcoin is price is remaining optimistic and still trending upward.

Photo Source: Bitcoin Chart, CMC

Who will replace Evolution as the Dark Net’s largest marketplace? Let s know in the comments below!

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Nigel Dollentas

Nigel Dollentas

Born in the Philippines, currently stationed in the USA. The youngest member of our writing team, Nigel is our freelance writer. Learned about Cryptocurrency right after the Mt. Gox crash and has been passionate ever since. @NigelDollentas

Related Posts

Bitcoin price $30,000

Bitcoin Price Sets Sights On $30,000 As Holder Metric Hits New All-Time High

3 hours ago
Bitcoin

Bitcoin Long-Term Metrics Point To A Different Scenario Than 2019 Fakeout: Top Analyst

5 hours ago
Bitcoin

Bitcoin Hash Rate: Public Miners Account For Just 28% – Is Decentralization In Jeopardy?

8 hours ago
Bitcoin

Bitcoin Recent Hiccup: Understanding The Invalid Block 

2 days ago
Terra Classic USTC

Resurrecting The Dead: Can This Terra Classic Proposal Send USTC To $1?

3 days ago
BitBoy

Crypto Influencer ‘BitBoy’ Arrested Live On YouTube – Here’s What Happened

3 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • Meta Force and Lado Okhotnikov Presented the Results of...

    7 hours ago
  • Bitcoin (BTC) and Litecoin (LTC) Ascending – Is it a...

    10 hours ago
  • Ethereum (ETH) and Ripple (XRP) Facing Key Levels –...

    11 hours ago
  • While Stellar And Avalanche Falter, Bitcoin Spark Heading...

    14 hours ago
  • Crypto Sports Betting Just Got A Lot Better –...

    14 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.