Bitcoin and other cryptocurrencies basically held serve today. Movement among the top ten coins was practically nil, with little momentum or trading volume. That was actually welcome news, given the wild ride of the last week, although tomorrow’s pre-weekend trading usually ramps up the action.
Like an ice cube in the sun, prices on virtually all cryptocurrencies continued to melt today. A brief weekend rally proved to be a dead cat bounce, and the relentless plunge continued this morning, bringing bad news, red arrows, and questions about where this all finds a floor.
A resurgent bitcoin briefly went up to $6,300 in single-coin pricing today, hitting an all-time high before falling back to earth at just over $6,000.
Bitcoin Cash was the weekend’s big winner, soaring to over $520 per single coin before falling back to earth today at a still-high $444 at mid-day.
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.
Bitcoin continued sinking today, as the legacy cryptocurrency slipped down to the $5,500 per single coin level at mid-day.
Investors were no doubt spooked by the Bitcoin Gold fork, which created a new blockchain incompatible with the existing version of bitcoin. The fork occurred after block 491.406 was mined on Oct.
Bitcoin continued shrinking today, as the legacy cryptocurrency slipped down to the $5,600 per single coin level at mid-day. But surprisingly, the rest of the crypto market defied the usual trend, heading in the opposite direction and gaining strongly even as its flagship took on water.
The air was too thin at the $6,000 per single-coin level for bitcoin investors, so today marked a slight retreat from the weekend’s lofty levels of $6,100-plus.
Legacy bitcoin checked in at around $5850 at mid-day today, retracing the heady climb over $6,000 that marked the end of the week.
Momentum has changed on legacy bitcoin’s drive toward $6,000, as prices held at the $5,600 per single coin level for the second consecutive day.
The surge on legacy bitcoin (BTC) began last week, boosting prices from a temporary valley of $4,800 up to today’s mark,
The bitcoin surge continued today, rising more than six percent to yet another all-time high of $5,600 per single coin. That good news lifted the entire market, as green arrows filled the screens and investors poured money into the market.
The price surge on legacy bitcoin (BTC) began several days ago,