Bitcoin stabilized a bit today, holding around the $8,000 per single coin level this morning after a brief rally and plunge to begin the week. While the news isn’t fantastic, it helps to establish a baseline for the sustained rally that many predict in the next two months.
Bitcoin soared over the weekend, but Monday brought cold, cruel reality back to the markets, as the rally that saw BTC climb as high as $8,600 on some exchanges last night head in the opposite direction as the sun rose.
At mid-morning, bitcoin was at the $7,900 level,
Are happy days here again for bitcoin and the rest of the cryptocurrency market? A strong bull run has lifted the bitcoin single coin price above the magic $8,000 mark, and the rest of the top ten coins are also showing big gains.
The bitcoin bulls came storming out of the corral today, as the price lull of the last few days abruptly ended. Bitcoin soared as high as $8,000 per single coin before pulling back. At mid-morning, bitcoin was trading about $7,500, still well above its price of the last several days.
The cryptocurrency markets inched up today, reclaiming the percentage points lost yesterday, with wild price spreads on different exchanges again manifesting. At mid-morning, bitcoin sat at around $6,900 per single coin – depending on which exchange you used to buy, that’s either terrible news or great news.
Depending on which cryptocurrency exchange you have your investments in, yesterday was either a good day or terrible. That’s because bitcoin has never been more volatile, rocketing as high as $7,500 per single coin or as low as $6,000 per single coin on the Block Tribune Volatility Index.
Bitcoin is up. Wait, what? Bitcoin is down. That was the tale of the weekend, as a momentary surge in prices proved to be an illusion for the legacy cryptocurrency.
At mid-morning on Monday, bitcoin languished in the $6,700 per single coin range,
Bitcoin appears to be in Goldilocks mode – not too hot, not too cold. Friday marked a cold period, as single coin prices plunged from yesterday’s $7,000 mark down to the $6,600 level.
Investors are clearly unclear about which direction the market is headed.
If bitcoin was a ride at an amusement park, it would make a lot of people sick. It goes up, it plunges down, then stabilizes for a short period before heading in either direction.
Today’s market marked a stable period at mid-morning after yesterday’s free-fall below $7,000.
Bitcoin’s brief rally made a U-turn today, sending the legacy digital currency’s price back under the $7,000 mark. The single-coin price had been surging over the last two days, renewing hopes that a sustained market rally was in the works. Those hopes were dashed overnight,