Despite the downfall, Bitcoin managed to close above $14,000. We are now inching close to $16,000. Bitcoin extended its recovery from last week’s lows of below $12,000. In just a week, Bitcoin lost almost $10,000 of its value. It fell from the all time high of $19891 to last week’s…
Category: Bitcoin
Bitcoin Trading
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Bitcoin’s Free Fall – Lost Almost $10,000 in a Week
If you own Bitcoin, how do you sleep at night? In just a week, this thing managed to lose almost $10,000. On the same token, can this happen to the U.S. equity market? On Sunday, December 17, Bitcoin hit the new intraday record high of $19,891. That was 5 days…
The CME Began the Trading of the Bitcoin Futures Contracts
The CME started the Bitcoin futures contracts on Sunday just one week after the Bitcoin began trading on CBOE. Bitcoin CME futures hit $20,000 in opening trade but soon sellers pushed the price lower due to profit taking. After the Bitcoin futures opened above the $20,000 mark, it failed to…
Bitcoin Is Inching Ever so Close to $18,000 Again
Bitcoin is MOVING UP AGAIN but the top seems to be capped under $18,000. The skyrocketed prices of Bitcoin have caused people heartaches. Either you love it, or you totally hate it. We had a record close on Tuesday at $17,730. If the current upward momentum can hold, we may…
Bitcoin Trading Volatility Subsided for Now
Bitcoin is STABLIZING for now after the commencement of its futures contracts trading on CBOE. The skyrocketed prices of Bitcoin have caused the two of the leading exchanges for Bitcoin suffered some outages this week. Both exchanges are struggling to keep up with the influx of the interest in the…