Bitcoin tops $5000 for the first time, then quickly drops down to $4500

Bitcoin is experiencing exponential growth, reaching a new all time high in the history of the digital currency. On a few Bitcoin exchanges, the price topped $5000 USD per unit (per bitcoin). As pictured in the price chart below, you can see the extreme price spike as Bitcoin has topped $5000 on the exchanges OKCoin, LakeBTC, The …

BTC- exchange administrator arrested for money laundering

News today is breaking that the admin for the Bitcoin exchange BTC-e has been arrested for money laundering. Things started yesterday when BTC-e took down the entire exchange saying the site is under unplanned maintenance, as pictured below. Shortly after people on Twitter began to further speculate something was wrong, when tweets starting showing up about 66,163 …

Total Bitcoin trading volume surges beyond $1 billion as bull run continues

Bitcoin is starting break new records again. This morning Bitcoin surged beyond the $1 billion marker for total amount traded in U.S. dollars. As visualized in the chart below, from the start of the month of July total Bitcoin trades (all buys and sells across all major exchanges) has been in the range of $200-$400 …

Bitcoin is at it again, experiencing extreme price volatility as August approaches

Anyone that has followed Bitcoin over the years knows that price volatility is guaranteed. But as the summer months of Bitcoin typically cool down, this summer is different as things are heating up causing huge fluctuations. Going back two years ago to former Bitcoin developer Mike Hearn’s blog post, he explains how Bitcoin is cyclical where …

Chinese Bitcoin exchanges resume trading, price begins to go up

In the early part of February of this year, Chinese Bitcoin exchanges were forced to stop withdrawals as the People’s Bank of China (PBoC) wanted to inspect them for regulatory compliance. Four months later three big Chinese Bitcoin exchanges have now resumed trading. The announcement came from a correspondent on Twitter who said Chinese exchange …

After a massive run up and correction, Bitcoin is rebounding

Bitcoin reached yet another all time high yesterday, with some exchanges reporting prices as high as $3000 USD at the peak. Yesterday was a huge day for crypto, specifically Bitcoin. Yesterday late morning we tweeted that on the Bitcoin exchange CEX.IO it achieved the momentous high price of $3000. Other exchanges followed closely behind, with …

Total Bitcoin exchange trading volume is reaching all time highs this year

Bitcoin is on a massive bull run and exchange trading volume shows it reaching epic heights this year. The price of Bitcoin has gone parabolic, hitting all time highs this week briefly touching $2400 on some exchanges such as OKCoin, before settling back down in the $2200 range. OKCoin touches $2400 briefly before dropping back …