Markets | CoinDesk

Bitcoin Price Still Bruised After Bitfinex Hack

Bitcoin suffered a black eye in August because of the Bitfinex hack, but the digital currency quickly mounted a recovery.

Over the last few weeks, market analysts have repeatedly cited a single trader when explaining sizeable fluctuations in bitcoin prices.

Why is the price of BTC on the rise? Blame bullish market sentiment and low liquidity.

Bitcoin prices neared $630 on 8th September, rising more than 2% as a short squeeze propelled gains.

Analysts reacted positively to news that exchange Bitfinex had redeemed roughly 1% of its outstanding debt tokens on 1st September.

While bitcoin prices have enjoyed relative calm in recent weeks, analysts believe new forces could soon fuel sharp price gains.

The price of classic ether plunged against several currencies over the last week amid concerns of waning market enthusiasm.

Litecoin prices rose nearly 10% today as word the digital currency would be listed on Coinbase's GDAX exchange spread among traders.

A month after the ethereum market split in two, analysts wonder whether ETH and ETC can coexist in the long-term.

Since a high-profile hack, Bitfinex has reclaimed its position as the top USD/BTC exchange, but questions about its future remain.

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