It appears the price of Bitcoin continues to try to find it's stable level. From the 29th of April until 3rd of May the price of Bitcoin has fallen from $140.00 to flatten at approx $95.00. This represents a significant fluctuation in the value of Bitcoin.
This presents a catch-22 situation in that the price volatility is likely the cause of concerns over the viability of Bitcoin as a means of transaction and thereby causing additional price volatility.
Update May 6th - High $122, Low $80)
It would appear that Bitcoin is more price resliant then one would expect. During the course of the weekend, the price has strengthened to $122.00.
This presents a catch-22 situation in that the price volatility is likely the cause of concerns over the viability of Bitcoin as a means of transaction and thereby causing additional price volatility.
Update May 6th - High $122, Low $80)
It would appear that Bitcoin is more price resliant then one would expect. During the course of the weekend, the price has strengthened to $122.00.
Price - April 29 until May 3rd. (High $145, Low $80)
Price - April 6th until May 3rd. (High $240, Low $60)
Bitcoin Market
The Bitcoin market overall is still resilient despite the massive fluctuations in value. According to Bitcoin charts, the total market value of Bitcoin is still resting north of $1B.
The Bitcoin market overall is still resilient despite the massive fluctuations in value. According to Bitcoin charts, the total market value of Bitcoin is still resting north of $1B.
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