• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin 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 Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin 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 Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Price
Nexo

Bitcoin Price Check: Ignoring the FUD

Jamie Redman by Jamie Redman
6 years ago
in Bitcoin Breaking News Brief, Breaking Bitcoin News, Breaking News
0
Advertisement

The price of Bitcoin has remained steady and has climbed this week from a slight drop from $445 back up to the $460 range after a wild week in crypto-land. Many people thought the price would take a significant hit when Craig Wright did his magic trick and fooled some of the industry leaders within the Bitcoin space. However, the price dipped only a touch by $10-15 and has matured across all trading platforms after the weeks end into the weekend.   

Also read: Craig Wright Exits The Bitcoin Stage With Weird Blog Post

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Bitcoin Shugs Off FUD With Continued Price Climb

With mainstream attention set on the so-called creator of Bitcoin and the BBC falling for his high-quality photo shoots and David Bowie’s PR team one would wonder; what the hell was going on? The blockchain focused Consensus conference held by Coindesk unveiled many announcements showing active support throughout the industry. Bitpay revealed its Bitcoin Visa card, New York will allow Coinbase and Ripple to operate within the state, the Australian government defines some Bitcoin tax outlines, and CME the derivatives marketplace has created two trading vessels for some new ways to hedge the digital currency.

Price
Google Trends May 2016, Bitcoin

Besides the media going crazy the price stayed quite stable even with the couple hour price drop when Wright told the world he was Satoshi. In fact, Bitcoin received more media attention than it has in a long time and Google Trends saw interest in Bitcoin searches rise exponentially. Throughout the week during Wright’s claim, he was Satoshi then finally saying goodbye did cause alarm for those who backed him. Particularly Gavin Andresen, who vouched for Wright being Satoshi in a blog post. Members of the Bitcoin core development team had revoked Andresen’s commit access to the protocol and felt the developer may have been hacked or compromised. This led to mainstream media publications such as the BBC saying the Bitcoin network won’t do so well with its lack of governance. This being after they failed miserably to prove Wright was the creator of Bitcoin. Still none of this has affected the Honey Badger’s value during the week.       

Price
Craig Wright claims to be Satoshi again….

The infighting and developer strife continues as many community members and industry executives called for Andresen’s commit access to be restored. However, lead maintainer Wladimir van der Laan says Andresen’s participation is the root cause of his removal and the Wright incident was just the final straw. Because of the divide many have said the technology that underpins Bitcoin will succeed with more structure. Legacy banks and financial institutions are betting on this theory and during Consensus Reuters reports all talk was directed at blockchain technology.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Overall faith in Bitcoin remains high even amidst the tumultuous display by the media. The price per BTC is currently $458 on Bitstamp at the time of this writing. The uptrend has been strong and a test at $470 resistance levels may happen unless there is a reversal. The digital currency’s value has done well against the US dollar and there have been many bullish trends looking at the charts and Bitstamp’s data feed.

Trading volume has been relatively lower than usual this week and this could have spilt over to the Ethereum markets as its value has been quite volatile this week. The Bitcoinist will keep our eyes peeled on the charts and keep our readers informed of any crazy fluctuations or changes in price. For now, the Satoshi Nakamoto hoax has done very little to the cryptocurrency’s value and it remains King of the Hill.

What do you think about Bitcoin’s price during this crazy week? Let us know in the comments below. 


Images courtesy of Pixabay, and Google Trends

 

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jamie Redman

Jamie Redman

Jamie Redman is a crypto writer and a dragon on Tuesdays. Follow me on twitter @jamiecrypto

Related Posts

FTX Robinhood

Breaking: FTX Exploring Ways To Purchase Robinhood

1 week ago
Crypto

Crypto Companies Are Telling Employees To Pack Up, But Binance Is Hiring – Here’s Why

3 weeks ago
Bitcoin

Bitcoin Superfan Jack Dorsey Bids Adios To Twitter Board  

1 month ago
Metaverse

Metaverse Casino Ordered By Five State Regulators To Shut Down Immediately

2 months ago
Ponzi scam

Ponzi Scam: BitConnect’s Indian Founder Charged In $2.4 Billion Bogus Scheme

4 months ago
SWIFT ban

Russia Said SWIFT Ban Could Be Tantamount To A Declaration Of War

4 months 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
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin 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 Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 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.