Bitcoin Price Watch: Is the Recent Drop Part of a Bigger Picture?

At press time, bitcoin is retaining its $6,100 price from yesterday. The currency fell to this position from $6,700 after Japan’s Financial Services Agency (FSA) sent notifications to more than five digital currency exchanges saying that they must heighten their security measures against money laundering after noticing weaknesses in their infrastructures. Bitcoin has continued to … Read more

Bitcoin Price Watch: Currency Stands Firm at $7,600

At press time, the father of cryptocurrencies is standing its ground at $7,600. The coin has undergone no change over the last 24 hours, suggesting that present support levels are holding up, but that resistance at $7,600 is proving difficult to overpower. One source states that bitcoin is “gathering steam” to move up, and is … Read more

Bitcoin Price Watch: Currency Sinks to $8,100

The price of bitcoin has fallen again over the last 24 hours. This time, the currency is trading for roughly $8,100 – a $200 drop since yesterday’s $8,300 mark. Since the beginning of the week, bitcoin has repeatedly been hit with price slumps. The Coindesk Consensus Conference – which lasted from Monday to Wednesday – … Read more