Markets Weekly

Bitcoin Traders Adopt 'Wait and See' Stance As China Impact Fades

Bitcoin prices stayed largely within specific ranges this week, as traders tended to sit on the sidelines.

The suspense surrounding potential bitcoin regulations in China served to limit this week's price movements.

Bitcoin prices surged this week, breaking through $800 before starting a sharp rally that pushed prices above $900.

Ethereum classic (ETC) made a comeback this week, enjoying a surge in both price and hashrate after successive roadblocks.

The price of ether fell below $6 during the week through 9th December, reaching its lowest point since February.

This week, bitcoin prices neared the annual high reached in June, while it was mixed news for other cryptocurrencies.

It was a volatile week for the digital currency markets, with bitcoin proving erratic and Zcash seeing the excitement following its launch subside.

CoinDesk analyzes activities in the bitcoin and ether markets over the first six months of 2016.

Bitcoin prices experienced moderate volatility during the week ending 8th July, as market participants took action ahead of the upcoming halving.

Bitcoin and ether prices rode a rollercoaster during the week ending 24th June, a period defined by the UK's vote to leave the European Union.

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