• 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
news
Nexo

Bitcoinist Weekly News Re-Hash: BitPay Hack, California Bitcoin Bill Dies

Evan Faggart by Evan Faggart
7 years ago
in Bitcoin, Bitcoin Investment, Bitcoin Technology, Blockchain, Companies, Markets and Prices, News, News teaser, Trending
0

After two weeks of sharp, last minute changes in the Bitcoin price, the markets caught a break this week, with the price remaining fairly stable throughout. Thus, it seems as if the speculators have finally settled down. This, combined with this week’s relatively slow news week, explains the sideways action that persisted throughout the week.

Also read: QuickActions Wins Disrupt SF 2015 Hackathon

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

Daily Bitcoin Price Action

  • September 14: $228.18
  • September 15: $229.61
  • September 16: $230.49
  • September 17: $228.93
  • September 18: $233.25
  • September 19: $232.29
  • September 20 Open: $230.78
  • September 20 Close: $229.49

Total Change: +0.57%

Flag-of-CaliforniaThis week started with the markets coming off the last-minute plunge in the Bitcoin price that occurred last week. Monday opened at $228.18, and returned to the $230s during the morning hours. By midday, the price had leveled out in the low $230s, a range that persisted for the remainder of the day.

Tuesday, September 15, opened at $229.61, a miniscule difference from the start of the previous day. During the entire day, the markets maintained a high $220s to low $230s range, with a few brief drops into the mid $220s during the morning hours. This slow day ended at $230.49 — less than a 50 cents gain over the day’s opening price.

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

Starting at $230.49, the 16th geared up for a slightly more exciting day. Very early in the morning — at 5 AM — the Bitcoin price tumbled down into the mid-$220s, hitting an hourly low of $223. Shortly after the plunge, the price returned to the high $220s, and stayed there for the rest of the day.

In the news, Bitcoin enemies in the California legislature suffered a staggering defeat, to the joy of Bitcoiners all over the world. The highly controversial AB 1326, colloquially referred to as the “California Bitcoin bill,” and less affectionately known as “California’s BitLicense,” died in the Legislature. The bill met this fate after failing to pass in the California Legislature by a September 11, 2015 deadline. The bill showed signs of failure before the deadline, however, as several legislators submitted veto requests to California’s governor, in the event that the bill actually passed.

Thursday opened at $228.93. On this day, the markets diverged from the week’s sideways trend and launched the price upwards. The ascent started as a gradual climb, taking 7 hours — from 5 AM to 11 AM — to rise from $227 to $231. However, at noon, the Bitcoin price jumped up to $235 and flattened out almost immediately. From 1 PM onwards, the price stayed within a $232-$235 range.

BitPay_logoMeanwhile, in the news, it was discovered that BitPay suffered a hack and lost 5000 BTC in late 2014. BitPay kept this loss secret for almost an entire year, until the company filed an insurance claim that was denied in June of 2015. In this attack, the Chief Financial Officer of BitPay had his email hacked. Using this email account, the hacker spoofed emails to the CEO of BitPay on three separate occasions requesting amounts that totaled 5000 BTC.

In addition to the BitPay hack, Bitcoinist announced a Ledger Wallet giveaway. We have partnered with Ledger wallet for this giveaway; the company was kind enough to send us two of its Ledger HW.1 wallets and one Ledger Nano wallet to give to three Bitcoinist readers for free.

Friday the 18th began at $233.25, still riding the highs achieved in the previous day’s price climb. This low $230s range persisted throughout the entirety of the day. Aside from a brief drop to $230, the price stayed between $232 and $234 all day.

September 19 began with the Bitcoin price at $232.29. The price took a gradual, downward trajectory on the 19th, falling from that $232-$234 range into the high $220s. After a long day of slow decline, Saturday ended at $230.78

Sunday opened at $230.78, and ended up being another day of sideways activity. During the entire day, the Bitcoin price remained in the low $230s. The week ended on a quiet note, at $229.49.

Where Will the Bitcoin Price go From Here?

The future trajectory for the Bitcoin price is uncertain at this time. Speculators have seemed to taken a step back, refraining from moving the price in any significant direction all week. However, that does not necessarily mean that this restraint will continue into the coming week; it is highly possible that the price could move suddenly in any direction, depending on speculative sentiments. The fundamentals, though, have remained constant for several weeks. With no drama or controversy following the Bitcoin XT debacle, there does not seem to be any real reason for traders to be afraid.

What do you think will happen to the Bitcoin price? Let us know in the comments below!


Images courtesy of Wikipedia and BitPay.

The opinions expressed in this article are not necessarily those of Bitcoinist.net.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Evan Faggart

Evan Faggart

Evan is the Senior Editor of Bitcoinist.net. He has a bachelor's degree in History with minors in Economics and Political Science. When he's not acting like he knows what he's doing in the newsroom, Evan is most likely playing video games. Follow Evan on Twitter @EvanFaggart.

Related Posts

Bitcoin Trading Volume Sinks Down Almost 60% In 9 Days

Bitcoin Trading Volume Sinks Down Almost 60% In 9 Days

46 mins ago
North Korean Hackers

North Korean Hackers Suspected Of Perpetrating $100 Million Harmony Attack

6 hours ago
Oslo Freedom Forum, Fode Diop on stage

3 Lessons From The Oslo Freedom Forum: Why BTC? Nabourema, Likhachevskiy, Diop

14 hours ago
National Agency of Prospective Projects (NAPP) In Uzbekistan Green Lights BTC Miners

National Agency of Prospective Projects (NAPP) In Uzbekistan Green Lights BTC Miners

19 hours ago
Short bitcoin

ProShares Short ETF Becomes Second-Largest Bitcoin Fund In Record Time

21 hours ago
bitcoin etf sec iStock-1087330672

Why The SEC Will Reject Grayscale’s Bitcoin Linked Spot ETF

22 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
  • 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.