Bitcoinist Weekly News Re-Hash: Bitcoin Mining Milestone, DCG to go Public?


This week, we saw an overall decline in the bitcoin price, as it fell from $398.78 at the beginning of the week to $373.55 at Sunday’s close. This week’s bearish activity was characterized by relatively flat activity, punctuated by sudden price drops that the market seemed to be unable to fully recover from. Meanwhile, in the news, we learned of new Bitcoin network milestones, regulatory efforts and investments. 

Also read: Gamerholic, the Next ‘Billion Dollar Gaming Company’? A QA with Anari Sengbe

Daily Bitcoin Price Action

January 25: $398.78

January 26: $391.04

January 27: $393.75

January 28: $379.37

January 29: $370.39

January 30: $377.75

January 31 Open: $377.74

January 31 Close: $373.55

Total Change: -6.33%

Weekly News Roundup



newsThe week kicked off on January 25, 2016 with the bitcoin price at $398.78, staying within the loose upper $390s trend established last week. The price hit $400 in the early morning hours, but quickly dipped back down into the $390s. By the early afternoon, the price had fallen again into the low $390s, briefly entering $380s territory. Activity slowed down in the afternoon,

Read more ... source: TheBitcoinNews