Bitcoin is like the boxer who can’t be knocked out – just when you think they’re down, they rise to fight again. And so it was today, as yesterday’s plunge yielded to today’s rise to the $9,400 level, a nearly five percent gain over the last 24 hours.
A lot of cryptocurrency investors went to bed last night feeling pretty good, as bitcoin rose as high as $9,700 on at least one exchange. But the morning-after hangover from a day where double digit gains abounded has proven nasty, as the market has made a U-turn.
The legacy bitcoin train slowed a bit today. At mid-morning, BTC was sitting at $8,900 per single coin after rising over the weekend as high as the $9,200 level.
While the godfather of cryptocurrency has stalled, upstart Bitcoin Cash continued roaring ahead. Bitcoin Cash was at a healthy $1,300 level at mid-morning,
Bitcoin rallied from a low point on Friday, rising more than five percent and once again topping the $8,500 mark. The rising tide lifted all boats in the cryptocurrency top ten coins.
Bitcoin Cash was particularly robust, rising nearly 14 percent and heading back over the $1,000 mark.
Bitcoin and the rest of the cryptocurrency markets continued in red arrow mode today, as the price plunge of the last week continued in earnest.
This morning saw bitcoin down close to five percent, sitting at around $8,100. The rest of the market followed,
A bad day for bitcoin and other cryptocurrencies arrived, as a big pullback saw prices drop nearly 10 percent among major coins.
Bitcoin continued its plunge from near the $12,000 mark. At mid-morning, it sat at the $9,800 level, its first trip below the magic $10,000 mark in a week.
Which way will the cryptocurrency market go? Caution was the watchword for investors today, as the mini-rally that has seen bitcoin breach the $10,000 mark stalled.
Investors are looking for bitcoin to surpass the $10,500 support level before sustaining any rally. Bearish firms have set that as the price that should be met before confidence in continued momentum will return.
Cryptocurrency prices are creeping back up, but the rally is a quiet one to date. Today showed green arrows for all of the top 20 digital currency coins, with most making gains from five to ten percent.
Bitcoin continued its rebound, climbing to $8,600 per single coin as of mid-morning.
Bitcoin stabilized today, as investors digested the $2,000 gain of yesterday and perhaps waited to see what happens next in the volatile sector. At mid-morning, BTC was sitting at $8,200 per single coin, relatively the same level as yesterday.
The big rally was in Bitcoin Cash,
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.