Forum rules
If you are posting news, press or any other related material that directly or in-directly benefits you, we request that you post a back-link to bitcoin.com by using a button, banner or text-link on your website. Thanks for supporting Bitcoin.com!
User avatar
jamie.redman1
Global Moderator
Global Moderator
Posts: 603
Joined: Thu Oct 01, 2015 6:24 pm

Markets Update: Bitcoin Price Moves Sideways During the Holiday Lull

Mon Dec 25, 2017 8:45 pm

The price of bitcoin has dropped considerably since it touched its all-time high of $19,600 per BTC on December 17. Since then markets have been quite bearish across the board, leading to lows in the $11K zone on December 22. Bitcoin markets have rebounded since then, and the price per BTC across global exchanges has been moving sideways for the past 72 hours.

Bitcoin markets have been extremely bearish leading up to Christmas day on December 25, 2017. At the moment the price of bitcoin core (BTC) is hovering between $14,000-14,300 on many trading platforms worldwide. However, there has been some significant price spreads between a few exchanges leading people to try and obtain some arbitrage. For instance the price per BTC on GDAX is currently $14,400, and at times the price has been $200-400 higher over the past three days. Bitcoin trade volume worldwide for a holiday is pretty decent as $10Bn worth of BTC has been swapped in the past 24-hours. Visiting a few Telegram channels like the Whale Pool, or the Whale Club people can see that traders are still very active during the holidays.

Read More Here >>> https://news.bitcoin.com/markets-update ... iday-lull/

CryptoExpert2
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 11
Joined: Mon Dec 25, 2017 8:57 pm

Re: Markets Update: Bitcoin Price Moves Sideways During the Holiday Lull

Mon Dec 25, 2017 9:02 pm

Just HODL and wait to holiday went. Happy Holidays

weekofcrypto
Posts: 3
Joined: Wed Dec 27, 2017 8:21 pm

Re: Markets Update: Bitcoin Price Moves Sideways During the Holiday Lull

Wed Dec 27, 2017 8:58 pm

I'm in a lot of bitcoin groups and most people speculate that people took some profits for the holidays which makes perfect sense to me. The real question is how the fork will affect the price?

Return to “In the news”

Who is online

Users browsing this forum: No registered users and 3 guests