Bitcoin had a solid February with the price closing up about 17% and reaching breakeven on the year. The digital currency outpaced equity markets and commodities, including gold which was up 10.5% on the month.
Bitcoin had a solid February with the price closing up about 17% and reaching breakeven on the year. The digital currency outpaced equity markets and commodities, including gold which was up 10.5% on the month.
The price of bitcoin closed unchanged week-over-week but not without a flurry of mid-week activity. The price shot down to $366 on Wednesday (hitting our projected short-term support) then bounced up to $390 Thursday before closing the week in the mid-$370 range. Traders are expecting a slow week...
January was a tough month for the financial markets and bitcoin was no exception. Bitcoin opened the year at $432 and briefly broke $450 before falling to $365 to close the month of January. The key driver of the downward price movement was Mike Hearn, a former bitcoin core developer who sold out...
The price of bitcoin fell nearly 6% last week with bitcoin exchange pricing heavily influenced by OTC activity. OTC sellers took deeper than normal discounts as buyers priced-in potential near-term sell offs (learn more in our next Bitcoin OTC Market Update out Thursday).
Bitcoin traders have been navigating choppy waters thus far in 2016. Over the past week, the market hit a high of $423.50 and low of $374.50, presenting traders with a nice opportunity to lock in fresh profits in the short-term. Traders should look for even more volatility in the week ahead.
The bitcoin market had a strong week with prices spiking from $426 to peak around $464 mid-week before closing in the high-$440s. This week, the market will look to consolidate above the new support level of $440.
With a strong finish to the year, many bitcoin traders closed their 2015 positions with gains topping 30%. Despite the positive momentum, the last two months have been far from smooth.
The bitcoin market was relatively quiet over the last week with volumes and volatility sitting at lower levels. With many traders starting the year with only dry powder and little in the way of long positions, the market may swing higher this week and could continue to edge up throughout the month.
The bitcoin market started the week hot, shooting up 5% between Monday and Tuesday. Ultimately, the early gains were erased and the price closed the week in the red. Traders should anticipate higher volumes early this week with volatility tempering down as the Christmas holiday slows market...
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...
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