Bitcoin Fluctuates

If you haven’t stared at the price of bitcoin over the past few days, you’ve missed some excitement. After spending large swaths of 2015 middling in the $200 range, bitcoin broke out, reached the $500 mark, and then gave up some of its gains.

For bitcoin fans, seeing the price move is welcome. For traders, the vertical velocity must be appreciated as well. For the rest of us, well, this is the sort of chart that we once associated with bitcoin:

Screen Shot 2015-11-04 at 3.37.34 PM

Sources differ concerning how high bitcoin traded in the current rally.

That spike at the end is what has the bitcoin world in a thrall.

During times like this, I spend too much time reading through the bitcoin subreddit, trying to parse sentiment among bitcoin enthusiasts, investors, and developers. The mood seems to be that current momentum, either up or down, is due to active trading, and not a marked change in the fundamentals of bitcoin over the past few days.

Have you noticed a marked decline in bitcoin coverage over the past few months? Perhaps even the full

Read more ... source: TheBitcoinNews