Markets Weekly

Ether Prices Plunge 50% as Bitcoin Stays in Holding Pattern

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.

Bitcoin prices traded largely between $410 and $420 during the week as attention turned to volatility in the ether markets.

While the bitcoin network’s capacity challenges generated substantial visibility this week, the digital currency enjoyed robust trading volume.

Bitcoin prices rose over the last week, pushing higher as the sentiment surrounding the digital currency strengthened.

The bitcoin price continues to trade well above the $250 mark as trading volumes grow on global exchanges including Bitfinex and Huobi.

By Joon Ian WongMar 9, 2015

The bitcoin price spike over the last four days, which saw it gain 12% to hit a high of nearly $262, has been attributed to positive newsflow.

By Joon Ian WongMar 2, 2015

Bitcoin traded sideways over the last week, with the price largely unchanged, as the wider macro-economy awaits a possible Greek Eurozone exit.

By Joon Ian WongFeb 9, 2015

Pageof 4