Bitcoin Price Stumbles, Threatening Support Levels

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's price (BTC/USD) faltered again during the past 12h of trade, sliding off its plateau near $270 to challenge its short-term floor of $258.

Bitcoin had made a stable comeback back to $270 after falling as low as $243 on BTC-e late last week. The fall broke a multi-week streak of stable gains, setting the stage for additional unsettled trade in the mid-term.

Bitcoin is currently trading at $257 on BTC-e, still falling, and on increasing volume to above 500 BTC/hour.

It finds itself back within 3% of its 50-day moving average (MA), now at a 2-month high of $250. Bitcoin's tenure above the MA for practically all of March was its longest such streak in positive territory since last July.

A string of good news items indicating increasing bitcoin traction with the mainstream had helped the price again approach $300. But in the recent absence of additional developments, prices have drifted lower. This, despite the recent announcement of Nasdaq's intentions to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its technology toward bitcoin trading.

Prices on BTC-e are roughly $1.50 (0.6%) lower than those on its peers, a lower than average offset.