Bitcoinist Weekly News Re-Hash: BitPay Hack, California Bitcoin Bill Dies


After two weeks of sharp, last minute changes in the Bitcoin price, the markets caught a break this week, with the price remaining fairly stable throughout. Thus, it seems as if the speculators have finally settled down. This, combined with this week’s relatively slow news week, explains the sideways action that persisted throughout the week.

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Daily Bitcoin Price Action

  • September 14: $228.18
  • September 15: $229.61
  • September 16: $230.49
  • September 17: $228.93
  • September 18: $233.25
  • September 19: $232.29
  • September 20 Open: $230.78
  • September 20 Close: $229.49

Total Change: +0.57%

Flag-of-CaliforniaFlag-of-CaliforniaThis week started with the markets coming off the last-minute plunge in the Bitcoin price that occurred last week. Monday opened at $228.18, and returned to the $230s during the morning hours. By midday, the price had leveled out in the low $230s, a range that persisted for the remainder of the day.

Tuesday, September 15, opened at $229.61, a miniscule difference from the start of the previous day. During the entire day, the markets maintained a high $220s to low $230s range, with

Read more ... source: Bitcoinist