Bitcoin markets experienced little change on 2nd May, providing a mild response to Craig Wright’s claim that he is in fact the digital currency’s inventor. The Economist, the BBC and GQ all released stories on the subject that day, following months of speculation surrounding whether Wright created bitcoin. After Wright’s assertions, skeptical cries arose from many corners of the bitcoin community, including several experts who spoke with CoinDesk at the Consensus 2016 event. Regardless of which experts support Wright’s claim, the market’s reaction has been largely uncertain. Bitcoin prices dropped slightly early on 2nd May, falling from a high of $452.60 at 07:00 UTC on 2nd May to a low of $439.89 by 09:00 UTC, according to CoinDesk USD Bitcoin Price Index…
Markets Weekly is a column analyzing price movements in the global digital currency markets, and the technology’s use case as an asset class. Bitcoin prices fluctuated significantly during the week ending 29th April, reaching a yearly high of $470 before falling below $440. Global bitcoin prices enjoyed a strong rally at the beginning of the week, rising 4.2% from $451.10 at 12:00 UTC on 22nd April to a high of $470.16 at 18:00 UTC on 26th April. This price represented the digital currency’s strongest value since 7th December, 2015, when it reached an inter-day high of $470.88, CoinDesk BPI data shows. Both a short squeeze and retail investors helped fuel this rally, Petar Zivkovski, director of operations at bitcoin trading forum Whale Club, told CoinDesk….
Bitcoin prices dropped below $450 late yesterday and then continued to fall below $440 as of press time, breaking two key psychological levels in the span of hours. Bitcoin dipped below $450 at 21:00 UTC on 27th April, reaching $449.89, CoinDesk Bitcoin Price Index (BPI) BPI figures show. The digital currency quickly mounted a recovery, passing $450 at 22:00 UTC, rising to $450.80. But, bitcoin failed to stay above $450 for long, falling to $449.89 at 22:30 UTC and dropping past $440 to reach $435.28 at 1:30 UTC. At the time of report, the digital currency was trading at $442.71. The currency’s plunge below $450 and $440 on 27th April and 28th April contrasted sharply with the steady climb it enjoyed earlier this week, when bitcoin prices surpassed several key…
Bitcoin prices have more than doubled over the last year, enjoying a period of reasonable growth as the digital currency continues to establish its legitimacy. Global bitcoin prices reached an inter-day high of $470.16 on 26th April, more than 100% above the inter-day high of $219.93 reached on the same day in 2015. The digital currency has been experiencing a steady, upward climb over the last week, breaking through key price levels of $440, $450 and $460 as markets respond to the latest progress made toward addressing the blockchain block capacity dilemma. The currency surpassed $440 on 20th April, the day after developers released Segregated Witness, code for a protocol update that would allow blocks on the bitcoin blockchain to hold a greater number of…
The price of bitcoin reached an inter-day high of $464.24 today to reach its highest total in more than four months. The news comes as the digital currency built on the previous week’s gains, when it broke past the $450 mark on renewed optimism that a solution to the network’s perceived transaction capacity issues may be forthcoming. So far today, the bitcoin price has mostly moved within a tight range between $458 and $461. The digital currency reached a low of $455.99, but had recovered to $463.86 at the time of report. Bitcoin’s inter-day price last exceeded $465 on 19th December, CoinDesk USD Bitcoin Price Index figures reveal. At the time, bitcoin had been gaining new momentum as it hit annual highs for 2015. But the latest move comes as…