Sunday, April 6, 2014

Market Update April 06, 2014 18:20 (BTC down 1.33% to $457)

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Bitcoin is currently down $6.16 (1.33%) in trading against the dollar today.  It is worth noting that  this price is 11.4% higher than the 30 day low of $410.  A review of Bitcoin historical prices show that The lightning rod currency has closed higher than this price 27 of the last 30 days.  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%.  BTC has been up as much as $0.82 today and down as much as $6.27 today.

 

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 other Crypto Currency news BitBar is up 18.91% to $23.90, Zetacoin is up 60% to $0.03, CACHeCoin is down 14.29% to $0.60 and Unobtanium is down 11.11% to $3.20.

 

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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