The increasingly bleak economic news out of Greece has impacted the bitcoin markets, serving as a key price driver since early-June. Our July Bitcoin Macro View report examines how Greece arrived at the brink of economic collapse and the impact the ongoing crisis has had on bitcoin.
The bitcoin market is certainly heating up with the weather. The past two weeks have been remarkable with the price rising over 15% and industry volumes (as tracked by the XBX Index) hitting a four-month high. The events in Greece and China have been key drivers of the bitcoin price and traders...
The bitcoin market was heavily impacted by the events in Greece and China in June. The breakdown in negotiations between Greece and the EU coupled with the free fall in the Shanghai Stock Exchange helped drive up the price of bitcoin. With Greece on the verge of default, bitcoin as well as...
In June, progress was made on long-brewing regulatory plans in both California and New York. The finalization of New York’s regulatory framework may have been the most visible action, but countries across the globe were also moving ahead—furthering their exploration into the possibilities for...
2015 has been an exciting year for itBit. In May, we became the first and only regulated bitcoin exchange available nationwide in the United States and now have customers in over 100 countries worldwide.
As a token of our appreciation, we are offering all itBit customers free trading through...
The past week marked the third straight winning week for the bitcoin market. The price jumped over 4% on news that Greece was moving closer to default and in the process broke $250, a key resistance level.
Earlier this week, we hosted our first Reddit AMA. Given the ongoing interest and inquiry into our trust company charter, this was the perfect way to directly address the Bitcoin community. The AMA lasted over two hours and the itBit team fielded over 40 questions.
We appreciate the great response...
This was a strong week for bitcoin traders. The price rose 5% driven primarily by the return of macro traders to the Chinese bitcoin market from the Shanghai Stock Exchange (SSE). The week ahead will test the new price level and attempt to buck the trend of late-month sell-offs that have been...
Last week, itBit's SVP of Compliance, Gabriel Hidalgo, participated in Crypto Markets and Technology's Crypto Currency Trading Show. The one-hour webinar focused on the recently released BitLicense and it's potential impact on the Bitcoin industry.
Every Monday, Lifting the Offer provides market analysis and price outlooks to prepare bitcoin traders for the week ahead. Check out the full archive here.
Crypto asset trading involves a high degree of risk. The crypto asset market is new and unproven and may not grow. Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the trading of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin or other crypto assets.
