Bitcoin is currently down $5.42 (1.17%) in trading against the dollar today. Traders have pointed out that this price is 11.6% higher than the 30 day low of $410. BTC has been up as much as $0.82 today and down as much as $5.42 today. Bitcoin has been as high as $641.5 and as low as $410 over the prior 30 days. This equates to 30 day volatility of 4%. A quick review of Bitcoin historical prices show that BTC has closed higher than this price 27 of the last 30 days.
Litecoin is also having a tough trading day. Litecoin is currently trading at $11.7 per coin. Interday trading has seen prices as high as $11.72 and as low as $11.63. This price is 0.1% lower than yesterday's close price, this pullback comes after a recent 6% run up in price with prices topping out at $21.
In Alt news CopperBars is up 19.23% to $3.10, TekCoin is up 60% to $0.08, BitBar is down 12.23% to $20.10 and Elacoin is up 16.67% to $0.14.
Like Bitcion, Tekcoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Tekcoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have. The Tekcoin network is scheduled to produce 84 million currency units. One of the aims of Tekcoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine bitcoins. BitBar is a cryptocurrency designed to be extremely rare and thus hold a larger store of value per unit than conventional cryptocurrencies such as Bitcoin or Litecoin. It is based upon the Novacoin codebase which uses Scrypt as the hashing algorithm and the fast continuous exponential difficulty adjustment/reward of PPCoin. This makes it highly resistant to specialist mining equipment built into chips is very costly to manufacture efficiently.
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