Market Update April 10, 2014 22:28 (BTC up 4.78% to $374)

Bitcoin is currently up $17.06 (4.78%) in trading against the dollar today.  The controversial crupto currency detractors continue to be proved wrong.    The lightning rod currency has been up as much as $21.52 today and down as much as $13.98 today so there is the potential for good news in coming inter-day trading.  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 5.1%.  A quick review of Bitcoin historical prices show that BTC has closed higher than this price 29 of the last 30 days.

 

Litecoin is also up against the dollar.  Litecoin is currently trading at $8.7 per coin.  This price is 3.4% higher than yesterday's close price.  Interday trading has seen prices as high as $9.3 and as low as $7.91.

 

In Alt news CACHeCoin is down 51.67% to $0.29, BitBar is down 32.22% to $16.20, AuroraCoin is down 35.29% to $1.10 and MaxCoin is down 33.33% to $0.08.

 

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.  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. MaxCoin is the coin launced by Max Keiser, crypto advocate.  One of the most important things for MaxCoin was to achieve a fair launch.