Bitcoin inched up as high as $5,700 today, as the major rally that fueled an enormous rise in the last few days cooled a bit. At mid-day, bitcoin was at the $5,600 level for its single-coin price, a gain of more than three percent on the day.
To borrow a phrase from baseball, bitcoin’s long fly ball was caught on the warning track. A day after the legacy cryptocurrency threatened to breach the $5,000 single-coin mark, it pulled back to the $4,800 pricing level at mid-day.
Was it cold feet by investors?
October is historically a scary month. Yes, there’s Halloween, but it’s also the period when the US Great Depression began with a resounding stock crash. Those antecedents may explain the recent caution in the cryptocurrency market, which has stalled in a comfortable rut for the last week.
The $4,000 single-coin price for legacy bitcoin (BTC) is again within sight, but prices stalled just short of that mark at mid-day on Tuesday.
After a good run-up to start the week, the market took a breath today, with gains and losses of two percent or less in the top ten cryptocurrencies.
We’ve apparently entered one of those market lulls in cryptocurrency, as prices remained basically unchanged on Wednesday for all but a few favored cryptocurrencies.
Legacy bitcoin (BTC) was just under the $4,000 mark, standing at $3,997 at mid-day, up under one percent in single-coin pricing.
There was blood in the streets today, as the cryptocurrency market continues to melt down following bad news from China and a prominent banker.
Legacy bitcoin (BTC) was at the $3,300 single-coin pricing level at mid-day, down more than 14 percent. It was the biggest one-day loss in months,
Day two of the Great China Crypto Hostage Situation. Cryptocurrency investors continued dancing along the edge of the knife today, as all eyes were turned toward China and awaiting its decision on the future of its digital currency exchanges.
Multiple reports have indicated a consortium of financial agencies,
The cryptocurrency market continued to make a strong recovery today after a Labor Day disaster. At mid-day, single-coin pricing for legacy bitcoin (BTC) stood at just over $4,600, a nearly six percent gain in the last day. Upstart Bitcoin Cash (BCC) did even better, rebounding more than 18 percent to $638 at mid-day.