Thursday, April 10, 2014

Market Update April 10, 2014 21:07 (LTC up 3.78% to $8.73)

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Bitcoin is currently down $3.94 (1.1%) in trading against the dollar today at $353.    The controversial crupto currency has been up as much as $13.85 today and down as much as $13.98 today.  Bitcoin has been as high as $637.1 and as low as $342.97 over the prior 30 days.  This equates to 30 day volatility of 5%.  A review of Bitcoin historical prices show that The crypto currency has closed higher than this price 30 of the last 30 days.

 

Despite Bitcoin's rough trading day, Litecoin is fairing quite well.  Litecoin is currently trading at $8.73 per coin.  Interday trading has seen prices as high as $8.81 and as low as $7.91.  This price is 3.8% higher than yesterday's close price.

 

In Alt news CACHeCoin is down 51.67% to $0.29, AuroraCoin is down 38.89% to $1.10, BitBar is down 31.65% to $16.20 and PhilosopherStone is up 60% to $0.08.

 

Auroracoin is a cryptocurrency launched in February 2014 as an Icelandic alternative to Bitcoin and the Icelandic króna.  Its unknown creator or creators use the pseudonym Baldur Friggjar Óðinsson (or Odinsson) who has stated that he/she/they plan to distribute half of auroracoins that will ever be created to all 330,000 people listed in Iceland's national ID database beginning on March 25, 2013, free of charge.  Auroracoin was created as an alternative currency to address the government restrictions on Iceland's króna, in place since 2008, which severely restricts movement of the currency outside of the country. 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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