Shares of DigitalBTC Spike the Most Since May, Hit 10-Week High
- Shares of DigitalBTC (ASX: DCC) closed higher by 33% today on the Australian Securities Exchange (ASX), their biggest 1-day gain since May.
Shares of DigitalBTC (ASX: DCC) closed higher by 33% today on the Australian Securities Exchange, their biggest 1-day gain since May.
The shares reached an intraday high of A$0.175, a 10-week high, and closed at A$0.16. The total volume of 1.91 million shares was more than 5x the average over the past 30 days.
Shares had been trading higher by roughly 4% for most of the day, making their big move at around 1 PM local time.
A DigitalBTC representative told Finance Magnates that the company is not aware of any information responsible for the rise.
The company earns revenue through the mining and trading of bitcoins. It was one of the first 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 companies to be publicly traded when it reverse merged with Macro Energy Ltd.
Despite the rise, shares are still down by nearly 50% since debuting as the new entity 15 months ago. A sagging bitcoin price has weighed on the company's profitability. It took another big gamble in July with its purchase of another $10 million worth of bitcoin.
DigitalBTC has recently been looking to diversify into other areas of the bitcoin economy. In May, the company announced the launch of what it touted as an Uber-like solution for remittances, causing shares to spike by 89%.
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 company's shares following bitcoin's massive price drop in January triggered a notice from the ASX, which inquired if DigitalBTC knew of any undisclosed information.
Shares of DigitalBTC (ASX: DCC) closed higher by 33% today on the Australian Securities Exchange, their biggest 1-day gain since May.
The shares reached an intraday high of A$0.175, a 10-week high, and closed at A$0.16. The total volume of 1.91 million shares was more than 5x the average over the past 30 days.
Shares had been trading higher by roughly 4% for most of the day, making their big move at around 1 PM local time.
A DigitalBTC representative told Finance Magnates that the company is not aware of any information responsible for the rise.
The company earns revenue through the mining and trading of bitcoins. It was one of the first 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 companies to be publicly traded when it reverse merged with Macro Energy Ltd.
Despite the rise, shares are still down by nearly 50% since debuting as the new entity 15 months ago. A sagging bitcoin price has weighed on the company's profitability. It took another big gamble in July with its purchase of another $10 million worth of bitcoin.
DigitalBTC has recently been looking to diversify into other areas of the bitcoin economy. In May, the company announced the launch of what it touted as an Uber-like solution for remittances, causing shares to spike by 89%.
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 company's shares following bitcoin's massive price drop in January triggered a notice from the ASX, which inquired if DigitalBTC knew of any undisclosed information.