Confidence is soaring in the Bitcoin market as prices pushed to December highs over the past week. The market peaked at $470 on Friday, an 18.5% increase from the start of the week, before closing the week up over 12%. This week, the market looks poised to build on last week's gains as positive...
November marked the wildest month for the bitcoin market this year. The bitcoin price opened the month at $328, hit a high of $500 then fell back into the low-$300s all within the first 10 days of the month. The price drop was followed by a consolidation phase that saw the the price hold major...
After declining nearly 7% early in the week to $350, the market responded strongly with a 15% surge that lifted prices back in the high $390s. With only Scaling Bitcoin to link to the recent rise, this week could be quiet. Many traders may wait for a clear catalyst over the next week before making...
OTC trading volume dropped 28% month-over-month in November, negatively impacted by low trading volume during Thanksgiving week. Stagnant price activity was also a factor. The bitcoin market was relatively quiet following a volatile period in early-November that saw the bitcoin price jump 58% to...
The Bitcoin market has been on an incredible run over the past week, with prices up over 15%. The latest price jump was once again driven by Asia as the market tallied its largest intra-day price move on Thursday while US traders were enjoying the Thanksgiving holiday. The price could pull back...
The price of bitcoin was up just over 1% the past week, touching a high of $344 on Wednesday before settling in the $320-$325 range to close out the week. With the looming Thanksgiving holiday this week in the U.S., traders should anticipate lower volumes and stagnant prices.
The last three weeks have been quite a rollercoaster ride for bitcoin traders. Starting on October 26th, the price of bitcoin broke out from around $280 to touch a high of $500 on November 4th, capping a frenzied nine-day bull run. Since then the price has tumbled back under $350, currently...
Bitcoin prices continued to fall back to Earth last week. The price dropped 16% with buying interest thinner and wider than previous weeks. This may have been a result of an influx of supply hitting the market due to the recent USMS auction. Buyers may continue to sit on the sidelines this week as...
Transparency is one of itBit’s core values. Taking the time to answer questions, hold Reddit AMAs and publicly announce results of our USMS auction bids allows us to keep our customers well-informed of our activities and forge a deeper relationship with the bitcoin community.
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The recent bitcoin bull run reached its apex last week, peaking at a 2015 high of $500 on Wednesday. The bitcoin market cooled off over the second half of the week, experiencing a 25% sell-off that brought the price back under $400 to close the week. Expect a quieter week ahead with prices...
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