Blockchain’s Poseidon Foundation Appoints COO and CTO
Blockchain Exchange Huobi Appoints Chris Lee As VP Global Business Development
Blockchain Search Engine Presearch Adds Privacy Watchdog Dylan Curran
JP Morgan Names Oli Harris As Head of Cryptocurrency Strategy
SEC Names Caryn E. Kauffman As Chief Financial Officer
Bitcoin continued its upward climb today. As of this morning, single-coin prices were around the $17,000 level, with momentum strong on this latest bull run. The BTCC exchange had it at $19,400, which would be an all-time high.
The bitcoin effect is having an impact on other lesser-priced cryptocurrencies as well,
The air is coming out of the bitcoin bubble. As most anticipated, the incredible run-up of the last five days is gradually deflating, with bitcoin standing at the $15,500 mark this morning.
While down pricing is never good news, the hyper-inflation of BTC seen over the last two weeks couldn’t be sustained by any logic.
Blink and you’ll miss the latest bitcoin milestone. At least that’s what it seems like, as single-coin prices have gone from $12,000 to $18,000 in days.
It was just November 28 when bitcoin first breached the $10,000 mark, and even that was surprising.
It’s been the wildest of wild rides over the last week for legacy bitcoin, as its stunning run-up took it as high as $11,470 per single coin on the GDAX exchange over the last 24 hours.
Are these prices, to quote the old electronics retailer Crazy Eddie,
In a price leap that is incredible even for the highly volatile bitcoin, BTC is now trading at $9,500 as of Sunday night, a leap of more than $1,000 in a single day.
Bitcoin market highlights for the 24 hours ending November 26,
Bitcoin sailed back over the $7,000 mark today, hitting as high as $7,300 on some exchanges. The climb up from the $5,800 level has been faster than the descent to the bottom, proving once again the incredible volatility of digital currency.
The air is gently being let out of Bitcoin Cash’s prices.
Bitcoin continued its long climb back today, hitting the $6,700 mark on some exchanges before falling back slightly. Legacy bitcoin suffered a $2,000 single-coin price loss since its $7,900 all-time high, but investors seem ready to get it back to those heights in short order.
Bitcoin continued to set new records, rising as high as $6,400 in single-coin pricing today on the Bitfinex exchange. This marks the second consecutive day legacy bitcoin (BTC) has set a new all-time high.
The rest of the cryptocurrency markets basically stood still today,
Legacy bitcoin (BTC) briefly returned to glory today, nudging over the magic $6,000 single-coin price line before falling back to the $5,700 level. The see-saw of the last several days indicates the uncertainty in the market caused by the pending SegWit2x wars and the arrival of Bitcoin Gold on the scene.
Bitcoin got back off the deck today, rising from its $5,500 bottom yesterday to touch the $5,900 mark before falling back slightly.
The recovery was welcome relief to investors, who no doubt spooked by the Bitcoin Gold fork, which created a new blockchain incompatible with the existing version of bitcoin.
Blockchain’s Poseidon Foundation Appoints COO and CTOBlockchain Exchange Huobi Appoints Chris Lee As VP Global Business DevelopmentBlockchain Search Engine Presearch Adds Privacy Watchdog Dylan CurranJP Morgan Names Oli Harris As Head of Cryptocurrency StrategySEC Names Caryn E. Kauffman As Chief Financial Officer