Tag: Mt. Gox

Bitcoin Price Watch: Currency Stumbles to $7,500

At press time, bitcoin is trading for about $7,500. This is approximately $100 less than where it stood 24 hours ago. While nothing huge, it’s a clear sign that the bears still have their hands on the reins, and it’s unclear when – or even if – the current trends can reverse themselves. The manipulation of cryptocurrency prices is a common concern amongst both traders and financial authorities alike. These …
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Bitcoin Price Watch: Currency Spikes to $8,800

At press time, bitcoin is trading for roughly $8,800. This is a $200 jump from where it stood just 24 hours ago, and investors are receiving a glimmer of hope for the future. The price bump suggests that bitcoin’s power is continuing to grow stronger, and despite a few ups and downs this week, the currency is finding it relatively easy to recover from negative hype. Granted bitcoin can keep …
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Bitcoin Price Watch: Currency Rises to $8,600

Bitcoin is now trading at the $8,600 mark. This is roughly $200 higher than where it stood yesterday afternoon. Could the price be recovering following Mt. Gox’s latest sell-off? Early this week, bitcoin was marred by two major actions. The first stemmed from South Korea, one of the largest bitcoin trading hubs in the world. Financial authorities raided popular cryptocurrency exchange Upbit after executives were alleged to have been illicitly …
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Bitcoin Price Watch: Currency Sinks Even Lower to $8,400

The price of bitcoin has sunk even lower during the past 24 hours. Yesterday’s price stood at $8,600 – a nasty drop from last weekend’s high of $9,800. Many were expecting bitcoin to test the $10,000 mark, which didn’t occur. In fact, last week has been the worst in bitcoin’s history since early April, when the currency dropped to $6,600. Bitcoin has fallen from $9,800 to $9,500, and then $9,300. …
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