Written by William Subergstaff writerReviewed by Igor Belkinformer editorBitcoin Price 30-Day Moving Average At Highest Ever
MagazinePublishedFeb 15, 2017
The 30-day average moving price of Bitcoin has reached all-time highs. Data compiled by Bitstamp shows the price to have sustained its longest high-end price point in the cryptocurrency’s history.
Bitcoin’s 30-day moving average price has reached the highest point in its history, the latest data from the industry shows.
Statistics gathered from the exchange Bitstamp and republished across social media highlight the highest monthly average price ever achieved, beating 2013 in terms of length and relative lack of volatility.
Bitcoin price has faced a tough environment since its push over the $1000 barrier over the new year period.
Regulatory uncertainty in China, which saw exchanges impose trading fees and even halting withdrawals altogether, generated wild swings in Chinese trading behavior.
However, while Bitcoin price was initially volatile after each such event, it steadied ever more quickly, reassuring users and investors that the ecosystem was naturally becoming more resilient.
The price news has been accompanied by record trading figures on the LocalBitcoins peer-to-peer marketplace - not just in China, but nine countries worldwide.
The focus is now on March when Chinese exchanges are set to implement regulatory standards in order to continue trading as usual. A US decision on whether to allow the first Bitcoin exchange-traded fund (ETF) is also expected March 11.
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