Tag Archives: BPI

Bitcoin Slides Again, But Brief Rally May Be On the Cards

Bitcoin Slides Again, But Brief Rally May Be On the Cards

The bears continued to be in the driver’s seat on Monday, pushing bitcoin (BTC) below $8,000 and opening the doors for a re-test of recent lows near $7,300. The cryptocurrency found acceptance below the crucial support of $8,217 (prices as per Bitfinex) at 12:00 UTC yesterday, signaling the corrective rally from the low of $7,240 has ended. […]

Bitcoin Revisits $10K After Yesterday’s 10 Percent Drop

Bitcoin Revisits $10K After Yesterday’s 10 Percent Drop

Bitcoin is in a recovery mode after yesterday’s seemingly news-driven drop, but the gains could be transient, technical analysis suggests. Soon before press time, CoinDesk’s Bitcoin Price Index (BPI) had bounced back to $10,070 – up 6 percent from the previous day’s low of $9,468 – and was last seen at $9,993. However, on a 24-hour basis, […]

Bitcoin Price Seeks Direction as Trading Range Narrows

Bitcoin Price Seeks Direction as Trading Range Narrows

Bitcoin’s price range continues to narrow with each passing day, but a big move on either side could happen soon, the technical charts suggest. Having witnessed a bull reversal on Wednesday, prices on CoinDesk’s bitcoin price index (BPI) rose to $11,711 at 03:59 yesterday. It appeared as though bitcoin (BTC) would break above $12,000 and confirm completion […]

Bitcoin Among Year’s Top Searches, Google Data Says

Bitcoin Among Year’s Top Searches, Google Data Says

Are people searching more for news about bitcoin or North Korea? According to recently released data from Google, bitcoin may be on top. As detailed in the search giant’s “Year in Search 2017,” an overview of what was trending in 2017, bitcoin ranked second under the “Global News” category, a distinction that indicates search volume was higher […]

Some Crypto Assets Are Trending Up Amid Today’s Drop

Some Crypto Assets Are Trending Up Amid Today’s Drop

The vast majority of cryptocurrencies may be down on the day’s trading, but new data suggests that some assets are trending up this afternoon. As reported earlier today by CoinDesk, both bitcoin and the wider cryptocurrency market saw significant declines this morning, sending some assets as low as 30% or more in price and dropping the overall market […]

Sell the News? Bitcoin Price to Test $20k Ahead of CME Launch

Sell the News? Bitcoin Price to Test $20k Ahead of CME Launch

The upside move in bitcoin has gathered traction this weekend as investors brace up for BTC futures launch by the CME. As per CoinDesk’s Bitcoin Price Index (BPI), the world’s largest cryptocurrency by market capitalization rose to a new all-time high of $19,783.06 at 12:14 UTC today. Bitcoin (BTC) has appreciated by 10 percent in the […]

Bitcoin Price Back Above $17k to Set New All-Time High

Bitcoin Price Back Above $17k to Set New All-Time High

The price of bitcoin has pushed back above $17,000, hitting a new all-time high on CoinDesk’s Bitcoin Price Index (BPI). As of press time, the BPI had climbed as high as $17,382.64, beating the $17,364.56 reported previously on Dec. 7. As previously reported, that day saw significant price divergencesamong exchanges, leading to spreads in excess of $1,000 […]

As Bitcoin Soars, Prices Diverge Wildly Across Exchanges

As Bitcoin Soars, Prices Diverge Wildly Across Exchanges

The world’s largest bitcoin exchanges by trade volume are reporting significantly varying prices as the cryptocurrency’s price soars to new all-time highs, market data shows. In some cases, the differences amount to more than $2,000 in value, particularly among some of the most voluminous exchanges. On Coinbase’s GDAX exchange, for example, the price of bitcoin is trading […]