Related Posts Plugin for WordPress, Blogger...

Monday 27 October 2014

Markets Weekly: Bitcoin Price Resilience Crumbles

http://ift.tt/eA8V8J



Bitcoin price resilience finally crumbled this week after two weeks of strength following the so-called 'BearWhale' slaying.


The price opened the week at $386, holding steady until mid-week, when it began a steep decline. It closed at $346, shedding $40 over the last seven days.


The bitcoin price deterioration follows a strong rally from $295 on 6th October to a high of $405 about a week later. Trading held steady until this week's drop, even as the wider financial markets tumbled in mid-October.


Continue reading at CoinDesk






via CoinDesk http://ift.tt/1pQtXNP

No comments:

Post a Comment