It is not so difficult to realize that over seven or more of my previous articles solely focused on the Cryptonations Initiative of donating either Bitcoin or Dogecoin to individuals or entities. While there is nothing wrong with that, I have still decided it is time that more news-story type articles would be essential to sparkle and decorate this blog a bit more. So, here comes yet another random crypto-related article.
It is not quite simple to begin this post, as I have temporarily lost track of recent news on cryptocurrencies and cryptoassets. I have stopped following such stories for a while and am not certain where to begin. Yet, what has been brought into my attention is a recent price upward hike and fall of Bitcoin! The new year of 2017 saw a surprising rapid increase in Bitcoin price, with the price exceeding the $1,000 per BTC hours immediately following the new year. However, the price then started to decline, with the current price being somehow volatile averaging within the $800 per BTC range. And this is less than two weeks since the start of the year 2017! This unexpected price jump shows how it is nearly impossible to anticipate cryptocurrency trends. Has the $1,000 BTC price been a factor of a holiday surprise? Although I do not intend to read any more about what were the conditions of this price hike, it would have been interesting to discuss some plausible explanations that the holiday timing caused Bitcoin price swings.
This would be it for today’s random crypto-related post. Stay tuned for more articles on cryptocurrencies and cryptoassets, once I decide on some more random stories to cover. But for now, you are welcomed to browse through previous articles and the BESTradingBrokers’ well-esteemed Crpyonations Initiative posts.