Bitcoin Price at about $700, Is It a New Norm?
Bitcoin price is expected to stabilize at over $700 mark in the coming days. The price of Bitcoin crossing the $700 mark is probably the most discussed topic among the cryptocurrency community at the moment. This is the second time this year, the value has crossed $700 mark. Even though Bitcoin is much stable than it used to be, it still possesses considerable volatility. Repeated trysts with the $700 mark have increased the expectations of the community. People are hoping for the digital currency to touch $1000 in 2017. The hopes of Bitcoin community are not misplaced as even the recent....
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Here’s what we are focusing on for this morning’s session in the bitcoin price. Over the last few months, we have repeatedly noted the big moves in the bitcoin price, during the weekend. Primarily, this is a result of volume out of Asia, but also it seems to be a time at which markets unwind in a particular direction, and this unwinding translates to sustained volatility. This weekend is no different, however, the magnitude of the move altered slightly. Specifically, price broke through the 600 level – a level that we had slated as psychologically significant early last week – and....
The $8.7 trillion-asset BlackRock is "dabbling" in cryptocurrencies – becoming the norm as bitcoin and ether rally to all-time high prices.