You Can’t Keep a Good Coin Down – Prices of Bitcoin at All-Time Highs

Prices of 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 continue to rally today, hitting an all-time high of $259.97 on BitStamp. Since spiking rapidly to $245 in April, prices of bitcoin tanked to just over $50 in a few days, but have since spent the next seven months more or less around $100. During this time, except for several spikes lower, including a dip to $80 when Silk Road was seized by US officials, prices could be categorized as stable. This is in part due to the continued adoption of the digital currency which has widened public interest and created a net of demand during sell-off periods.

The current rally which started with prices around $125, has its origins in the announcement from Baidu that it would begin to accept bitcoins as payment for its Jaisule, firewall and DDOS services. Since that time, demand from China has grown rapidly. As a result, BTC China, the country’s leading bitcoin Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term has seen its overall market share of transactions triple to just below 30%, as it holds the top spot among major exchanges for the last three and seven day periods. (On a side note, today’s volume is being led by MtGox which has seen its market share plummet from around 60% to below 30%. This probably has more to do with the record taking place which has reactivated interest in the exchange from existing account holders.)

Based on current fundamental demand coming from China, there is little stopping prices from continuing to rally until we see market share from the country beginning to subside. As a result, while we have seen prices react to DDOS attacks and FBI seizures, over the short term, it’s a Chinese-driven market, with the country being the main point of future headline risk.