The previously delicate barrier turned to firmer support on Friday, with BTC price rising above $10,200.
Bitcoin Price News
Bitcoin price establishing is an interesting phenomenon and widely differs from the way the price of ordinary money is set. First of all, despite popular belief, Bitcoin does have a cost price. It is set as a combination of expenses on electricity, transaction fees and the installation/purchase of software. However, the price of Bitcoin is not determined by its cost price and is mostly estimated by consumer demand. It causes huge fluctuations in the price of Bitcoin, as Bitcoin has no backing, and traders are largely dependent on the news of Bitcoin’s price, multiplying volatility of the asset. As Bitcoin’s market cap is nearly $159 billion, the price of Bitcoin became an important economical factor, gathering attention from financial institutions of various kinds and stimulated the research of behavioral factors that influence the price of Bitcoin and working on ways of predicting its changes.
- Market Update
- Market Update
by Max Boddy
The crypto market is seeing green in general, with Bitcoin’s price hovering at about $10,150.
- News
An Ikigai researcher says the Bitcoin Days Destroyed metric is mimicking behavior immediately before 2017’s record price run.
- News
A social media debate turned prickly after Lee rubbished Schiff’s prediction of a $5,000 gold price.
- Market Update
Bitcoin’s short-term outlook has turned decidedly bearish after a week of sideways action.
- Market Update
by Helen Partz
After failing to reclaim the $11,000 threshold on Monday, Bitcoin’s price has again dropped below $10,000.
- News
Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether is enduring its first mainstream bear market, just as Bitcoin did back in 2...
- Market Update
Investors are in panic mode as losses extend to almost $700 in a matter of hours.
- Market Update
Major cryptocurrencies are declining again, after recent brief recovery attempt, while Bitcoin price remains near $10,700.
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