Bitcoin Prices Calm This Week Despite Craig Wright Controversy



Bitcoin has had a quiet week, experiencing low trading volume and rather modest price changes as market observers saw Australian academic Craig Wright claim to be Satoshi Nakamoto, the pseudonymous creator of bitcoin.

On the other hand, ether – the native token of the Ethereum network – fluctuated far more significantly in terms of price during the seven days through 6th May.

Market participants traded only 7.7m BTC during the period, Bitcoinity data reveals – far less than many recent weeks. Ether saw reasonable transaction volume, as the digital currency reached 24-hour volume of $11.6m at 23:59 UTC on 28th April and $18.3m between 00:00 and 04:23 UTC on 6th May.

Bitcoin started the seven-day period with a price of $449.86 on 29th April between 12:00 and 02:59 UTC, the CoinDesk USD Bitcoin Price Index (BPI) reveals. It surpassed $455 between 18:00 and 20:59 UTC on that day, reaching a high of $456.84 for the period, and then proceeded to fluctuate largely between $450 and $455.

Yet the week of calm is showing signs of giving way to some weekend volatility. At press time, the price of bitcoin has begun to climb

Read more ... source: TheBitcoinNews

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