Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term (BTC/USD) has continued its hot streak, climbing another 6.5% to $319.50 on Bitstamp.
Today’s rise is likely to be a game changer for bitcoin in 2015. At its peak, it effectively erased all losses from this year.
Should the price hold above $300 for a few more hours, it will also be its longest stretch above the mark this year.
The month-long winning streak, which has added roughly 42% to bitcoin’s value, has been far more gradual than the sudden, speculation-driven spikes above $300 in January and July. Therefore, its chances of lasting into the mid or long terms are better.
Hitting the $300 milestone was psychologically key and was likely a bullish signal for traders to start buying. Should bitcoin break above $320 and enter positive territory for the year, prices may accelerate higher.
Bitcoin is now trading 27% above its 50-day moving average (MA), which also challenges the highest spreads this year.
Once again, the gains have been sharper than the norm over the past month. There is a wide price disparity between exchanges. Prices hit a peak of $312 on BTC-e $330 on Huobi- a 5.6% gap. In addition to the possible indication of increased instability, the gap also shows that markets still have a way to go when it comes to efficiency.
Some traders may be thinking in seasonal terms. The bitcoin market was exploding this time two years ago, and spiked by over 40% within a week last year, after which it fell hard to end 2014.
Shares of Bitcoin Investment Trust (OTCMKTS:GBTC) hit a 3-month high of $30.25, which is roughly in line with their equivalent value in bitcoin, and continues their new trend of alignment with bitcoin prices. GBTC's price premium, which has typically ranged between 10% to 25%, has gradually disappeared this month.
Litecoin once again remains uninspired, languishing near $3.05. The LTC/BTC rate thus fell to below 0.01 for the first time since June.
Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term (BTC/USD) has continued its hot streak, climbing another 6.5% to $319.50 on Bitstamp.
Today’s rise is likely to be a game changer for bitcoin in 2015. At its peak, it effectively erased all losses from this year.
Should the price hold above $300 for a few more hours, it will also be its longest stretch above the mark this year.
The month-long winning streak, which has added roughly 42% to bitcoin’s value, has been far more gradual than the sudden, speculation-driven spikes above $300 in January and July. Therefore, its chances of lasting into the mid or long terms are better.
Hitting the $300 milestone was psychologically key and was likely a bullish signal for traders to start buying. Should bitcoin break above $320 and enter positive territory for the year, prices may accelerate higher.
Bitcoin is now trading 27% above its 50-day moving average (MA), which also challenges the highest spreads this year.
Once again, the gains have been sharper than the norm over the past month. There is a wide price disparity between exchanges. Prices hit a peak of $312 on BTC-e $330 on Huobi- a 5.6% gap. In addition to the possible indication of increased instability, the gap also shows that markets still have a way to go when it comes to efficiency.
Some traders may be thinking in seasonal terms. The bitcoin market was exploding this time two years ago, and spiked by over 40% within a week last year, after which it fell hard to end 2014.
Shares of Bitcoin Investment Trust (OTCMKTS:GBTC) hit a 3-month high of $30.25, which is roughly in line with their equivalent value in bitcoin, and continues their new trend of alignment with bitcoin prices. GBTC's price premium, which has typically ranged between 10% to 25%, has gradually disappeared this month.
Litecoin once again remains uninspired, languishing near $3.05. The LTC/BTC rate thus fell to below 0.01 for the first time since June.
