No doubt about it. The big story this week was the booming price of BTC and ETH … right up until it it wasn’t. Then the spectacular collapse of The DAO took over the headlines. BTCMANAGER took you on the rollercoaster ride, but also covered a few other stories of note, including the long-awaited integration of BIP32 into the Bitcoin Core wallet.
ETH-USD Eyeing Push to $22.72; Support Now Found at $19.30
For Ether, the week began on a strong note, and progressed from there. ETH-USD continued to push toward psychological resistance at $20, posting a fresh all-time high at $19.889. It seemed to be on a trajectory that could have seen the market break the $20 handle, where buyers might have looked to target $22.72. Continued bullish momentum could even have see the market extend as high as $28.24 over the coming weeks. But this was not to be.
Rollercoaster Ride for ETH-USD as Solution Arises for DAO Attack
Virtual currencies slumped to fresh lows as the DAO, a decentralised organisation built upon the Ethereum blockchain, was attacked early on Friday morning. BTC-USD and ETH-USD both sustained large losses with Bitcoin dropping to around $740 while ETH-USD posted lows