Bitcoin spent another day challenging $13,000 on Oct. 23 as the aftermath of its rapid run to 15-month highs continued to excite investors. The past week has seen some of the most successful trading days in Bitcoin’s history, and as markets prepared to close on Friday, upward momentum showed no signs of reversing.
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Markets report: Bitcoin price eyes $13,000 after 250,000 BTC bought up in hours
Latest surprise gains were driven by a huge liquidity buy-up by long-term hodlers, says Willy Woo.
Bitcoin attempted to flip $13,000 to support on Oct. 22 after a giant buy-up of spare supply sparked a bull run to $13,200. Data from price tickers including CoinMarketCap showed BTC/USD continue gaining to reach its highest levels in over a year on Thursday.
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Bitcoin retakes $12,000 as analytics firm CEO says bull run has now begun
“Pivotal” resistance at $11,900 gives way to highs of $12,300 as bullish hopes continue to come true this week
Bitcoin hit almost $12,400 on October 21 as consolidation at key levels ended in a fresh breakout. Data from price trackers including CoinMarketCap followed BTC/USD as bulls gained control for another attempt at quashing $12,000 resistance.
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Jessica Schilling brings a background in fintech, online identity privacy, and tech for higher education to IPFS (Photo: Yuni Graham)IPFS is paving the way for a new digital economy
The peer-to-peer distributed web protocol aims to break the stranglehold of tech giants by decentralizing the internet
To resolve the inequity in this system—something that impacts every one of us, no matter where we live or what socioeconomic category we claim—we need to decentralize the protocols, platforms, and underlying technologies that drive the digital economy. We need to find new ways to trade and interact online that don’t rely on proprietary technologies and centralized web architectures. The Interplanetary File System is critical in doing so.
