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Bitcoin broke through $11,000 for the first time since January
Bitcoin broke through the $11,000 mark over the weekend for the first time since the end of January as its price continues to slowly rise following a violent sell-off at the start of the month. The price of the cryptocurrency went as high as $11,279.18 on Sunday, its most elevated level since January 30, according to CoinDesk's bitcoin price index, which tracks prices from four major cryptocurrency exchanges. On Monday, bitcoin was trading below $11,000, at $10,789, at around 9:30 a.m. London time (4:30 a.m. ET). Bitcoin's price has been slowly climbing higher after a massive sell-off in early February, which...
Anonymous Cryptocurrency Trader Buys $400 Million in Bitcoin
An anonymous cryptocurrency enthusiast capitalized on this week's dramatic bitcoin price plunge by scooping up $400 million worth of bitcoin. Cryptocurrencies have had a tumultuous start to 2018. At the start of the new year, many digital currencies were riding a wave of price growth, and the market capitalization of the industry grew to the point that a $1 trillion valuation didn't seem unreasonable. Then, early in the new year, prices collapsed, and many of the top 20 cryptocurrencies slumped considerably. While the price dump may not have been the cryptocurrency bubble pop that many analysts have predicted, it did mean that top...
Bitcoin struggles to climb back above $9,000
After a week of robust gains in the cryptocurrency market, the No.1 digital asset, bitcoin, has run into resistance as industry headwinds put its recent rally in jeopardy. “Bitcoin seems to be facing difficulties in moving beyond $9,000. The increase in mining complexity and the peak output of new capacities to the market at the end of 2017 have led to miners facing several issues after price correction,” FX Pro said in a morning report Tuesday. The price of a single bitcoin BTCUSD reached an overnight high of $8,973.12 but have since retraced to a session low of $8,370.48, according to CoinDesk....
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