According to the CoinDesk Bitcoin Price Index,
The price of bitcoin has continued to build on happy gains, which is $15 over the last week. An increase of 6% over the opening price on 2nd March, .
The week's biggest came on day when price swing happened early in the week,and bitcoin hit a high of $286.28, representing a gain of $19.24 from
the day's low.
The session ended in positive territory on four consecutive days, from the end of the previous week and into the first days of the week just passed. Some $50 separated the daily low at the start of the sessions and the high at the end, on 3rd March.
Gains came from Bitfinex & Bitstamp Giant volume , which saw spikes of 106% & 54% respectively. Chinese exchanges Huobi & OKCoin also recorded significant increases of 95% & 83%.
Notably, Coinbase's exchange, launched in January, continues to see more coins changing hands than the ex-market leader, Bitstamp.
BTC China still leads the mainland Chinese exchanges on volume traded, barely beating OKCoin in last week's trading activity. Bitfinex continues to dominate trading outside the mainland.
Newsflow this week was comparatively calm. significant event was the US Marshals Service's third bitcoin auction, which saw more bidders participate than its last sale in December. But the number of bidders - 14 in all - remains significantly lower than the 45 who took part in the inaugural sale in June.
Another news event that could have added to positive bitcoin cost sentiment was the US banking regulator's remarks that digital currencies could be "revolutionary" for the global financial technique, delivered to an audience of financiers at the Institute of International Bankers.
The price of bitcoin has continued to build on happy gains, which is $15 over the last week. An increase of 6% over the opening price on 2nd March, .
The session ended in positive territory on four consecutive days, from the end of the previous week and into the first days of the week just passed. Some $50 separated the daily low at the start of the sessions and the high at the end, on 3rd March.
Growth
Bitcoin cost gains were supported by strong volume growth. Some three.67 million coins changed hands on the week ended 7th March, which was a 55% increase over the earlier seven-day period.Gains came from Bitfinex & Bitstamp Giant volume , which saw spikes of 106% & 54% respectively. Chinese exchanges Huobi & OKCoin also recorded significant increases of 95% & 83%.
Notably, Coinbase's exchange, launched in January, continues to see more coins changing hands than the ex-market leader, Bitstamp.
BTC China still leads the mainland Chinese exchanges on volume traded, barely beating OKCoin in last week's trading activity. Bitfinex continues to dominate trading outside the mainland.
Newsflow this week was comparatively calm. significant event was the US Marshals Service's third bitcoin auction, which saw more bidders participate than its last sale in December. But the number of bidders - 14 in all - remains significantly lower than the 45 who took part in the inaugural sale in June.
Another news event that could have added to positive bitcoin cost sentiment was the US banking regulator's remarks that digital currencies could be "revolutionary" for the global financial technique, delivered to an audience of financiers at the Institute of International Bankers.
Bitcoin Exchange trading volume
Trading volumes in BTC
Feb 22 - 28Mar 1 - 7Change
