Bitcoin Price Continues Steady Climb Toward $300 Amid Irregular Trading Activity

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term has continued its march higher, challenging 6-week highs and advancing to within striking distance of the psychologically important $300 mark. It is currently trading at $289 on BTC-e, earlier hitting a high of $294.

The latest advance has shown some irregular trading behavior. The high of $294 came amidst a wild swing that saw prices temporarily drop as low as $273, a loss of 5.9%, on a volume surge to above 3,500 BTC ($1 million) within an hour.

Also, prices on BTC-e are uncharacteristically higher than those of its peers, albeit only slightly. BTC-e's prices are typically 1-2% lower than on other USD-based exchanges, and more recently, the gap has been frequently wider.

Bitcoin's rise over the past month and a half has been slow and steady relative to previous rallies. The stable profile makes it more likely that the gains will stick around for longer, as opposed to the sharp rise and drop in and around the launch of Coinbase's Bitcoin Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.

The stubbornly bullish behavior of late may also motivate traders and bots to raise the stakes and accelerate the pace of bitcoin's gains, perhaps sustained for several weeks, after which a large correction is probable.

Bitcoin's price is now over 20% above its 50-day moving average (MA), its largest such offset above the mark since November. The MA itself, now back at $240, has risen markedly for the first time since last July.