Posts Tagged ‘BTC price

btc-price-over-700-usd

There is still a month before the second Bitcoin block reward halving occurs, but the last two weeks or so the exchange rate of Bitcoin has been steadily increasing from a little over $400 USD to over $700 already. The driving force behind this a bit unexpected significant increase is considered to be the Chinese markets that have been quite active lately with a lot of people buying bitcoins as a means of investment instead of keeping their fiat money (getting devaluated) or investing in other more traditional means such as stocks or gold for example. With this serious increase in price even before the halving of the block reward (the second one for Bitcoin) some of the people that jumped in early have managed to already get a nice profit. The big question however is how high will the BTC price go before the halving occurs and after it happens early next month…

bitcoin-logo-large

The Bitcoin exchange rate has jumped significantly going all the way up to $500 USD on many EU and US-based exchanges and skyrocketing even higher on some Asian exchanges. The jump seems to be caused mostly the Chinese BTC markets driving the price up as as the national currency apparently suffers another devaluation and people are moving to investing their money in Bitcoins. The side effect from this jump in BTC exchange rate however is the drop in price for many altcoins that might suffer loosing some of their value, but it might be just temporary. This creates a good opportunity for profiting by doing some arbitrage trading between different exchanges and buying the right altcoins at the right price, it is risky, but might result in a good profit later on. Another thing that might be influencing the recent uptrend in the BTC price on exchanges is the upcoming block reward halving that should hit in about a month and a half around the start on July. So be smart and do trades carefully during this turbulent moment…

bitcoin-over-400-usd-again

After hovering around $380 USD for quite some time since the beginning of this month, Bitcoin has finally moved past the $400 USD exchange rate again and is pushing to get higher. While BTC has been somewhat low in terms of price, but with a network difficulty that is continuing to grow rapidly with another 20 or so percent increase in the network difficulty right around the corner some altcoins have managed to do great. We are talking about Ethereum (ETH) that has had its price skyrocket to over 5 Euro and over 6 USD in the last days and that has also sparked some temporary, but huge interest in some of the Ethereum forks such as Expanse. The way things are moving with more big jumps in the difficulty and the second upcoming block halving this summer people are expecting to see Bitcoin doubling its price, but we are yet to see if that will happen this summer or not…


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