The price of bitcoin passed $448 for the first time in two months today on the CoinDesk USD Bitcoin Price Index (BPI).
Bitcoin prices fluctuated largely within a tight range, while the value of ether, the token on the ethereum blockchain, saw a sharp price reduction.
Volumes in the bitcoin markets declined this week amid price stability that some traders indicate is turning away business.
The price of bitcoin experienced relative price stability and consistent volume during the seven days through 1st April.
Markets Weekly is a weekly column analyzing price movements in the global digital currency markets, and the technology's use case as an asset class.
Bitcoin prices traded largely between $410 and $420 during the week as attention turned to volatility in the ether markets.
Markets Weekly is a weekly column analyzing price movements in the global digital currency markets, and the technology's use case as an asset class.…
While the bitcoin network’s capacity challenges generated substantial visibility this week, the digital currency enjoyed robust trading volume.
Despite periods of volatility, the global bitcoin market remained calm this week, gaining 1% while fluctuating between $410 and $450.
Bitcoin prices rose over the last week, pushing higher as the sentiment surrounding the digital currency strengthened.