Greece Deal Reached, Bitcoin Price Falls
- The outcome of the latest Greece crisis has made no difference. Grexit or no Grexit, euro or no euro, we have closure, at least for now.
The outcome of the latest Greece crisis has probably made no difference. Grexit or no Grexit, euro or no euro, we have closure, at least for now.
Had Greece exited the euro zone, there probably would have been some more Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in the markets. Greece’s economy would have gone from unproductive while wasting hard-earned European cash to unproductive without wasting hard-earned European cash (or even, perhaps, a lesson would be learned…). The new dawn of a Greece-less Eurozone would eventually have taken shape, and Europe could move on, no longer on the hook to funnel money into a bottomless pit.
Either way, the uncertainty underpinning crypto markets was going to end. Once it became clear that the all-night haggling bore fruit, 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) dropped by 8.5% to $281, wiping out most of its weekend gains.
The drop represents the third time in 2015 where bitcoin failed to tread water above $300 for much more than 24 hours, frustrating investors wondering when the much-awaited recovery will materialize.
Bitcoin had come within 1% of breaking even for the year. It has yet to trade in positive territory in 2015.
Litecoin, which had appeared to find some temporary support around $5.00, resumed its slide. It is currently trading at $4.30. With the combination of last week’s bubble and the Greece rescue, further losses are likely.
Another sign of pending volatility is the price disparity between trading venues. Prices on BTC-e are 2% lower than elsewhere, the gap ranging as high as 3.5%.
Most other major coins are in the red by double digits.
Gold, whose gains throughout the crisis were unimpressive, fell to $1,155, challenging its lowest levels since 2010.
The outcome of the latest Greece crisis has probably made no difference. Grexit or no Grexit, euro or no euro, we have closure, at least for now.
Had Greece exited the euro zone, there probably would have been some more Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in the markets. Greece’s economy would have gone from unproductive while wasting hard-earned European cash to unproductive without wasting hard-earned European cash (or even, perhaps, a lesson would be learned…). The new dawn of a Greece-less Eurozone would eventually have taken shape, and Europe could move on, no longer on the hook to funnel money into a bottomless pit.
Either way, the uncertainty underpinning crypto markets was going to end. Once it became clear that the all-night haggling bore fruit, 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) dropped by 8.5% to $281, wiping out most of its weekend gains.
The drop represents the third time in 2015 where bitcoin failed to tread water above $300 for much more than 24 hours, frustrating investors wondering when the much-awaited recovery will materialize.
Bitcoin had come within 1% of breaking even for the year. It has yet to trade in positive territory in 2015.
Litecoin, which had appeared to find some temporary support around $5.00, resumed its slide. It is currently trading at $4.30. With the combination of last week’s bubble and the Greece rescue, further losses are likely.
Another sign of pending volatility is the price disparity between trading venues. Prices on BTC-e are 2% lower than elsewhere, the gap ranging as high as 3.5%.
Most other major coins are in the red by double digits.
Gold, whose gains throughout the crisis were unimpressive, fell to $1,155, challenging its lowest levels since 2010.