economic and political problems, interest among the general public has historically been stimulated by banking blockades and fiat currency crises. August A general downward price trend through the month was interrupted by two notable negative events brought about by a single bitcoin exchange. Supply and Demand, the general answer to why this price? High levels of public interest may exaggerate price action; media reports of rising Bitcoin prices draw in greedy, uninformed speculators, creating a feedback loop.
Let s look back to the few highs and many lows of 2015.
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Some.67m BTC changed hands on the week ending 7th March, which was a 55 increase over the previous seven-day period. July On 13th July, the bitcoin price continued to climb, shooting past the 300 mark and reaching its highest level since 10th March. Fiat Currency Crises Chart generated on Trading m A Bitcoin wallet can be a lot safer than a bank account. But as we head into 2016, a big question remains to be answered: Will recent price positivity continue to buoyed by fundamental market improvements? Bitcoin, price Index (BPI) from October on reveals an impressive upward arch that contrasts with the choppy peaks and valleys of the years earlier months. As reported at the time, Chinese savers turned to Bitcoin to protect their accumulated wealth. Bobby Lee, CEO of Chinese exchange btcc, told CoinDesk at the time that his platform has seen a significant volume increase, though he dismissed much of his competitors volume as artificial. A look at the CoinDesk USD.
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