Investor’s Confidence Renew, BTC climbs

Bitcoin made a healthy recovering on Monday trading as investors’ confidence renewed in Monday trading, seeing the price of Bitcoin rise back above the $2200 USD price point after hitting a $1900 low over the weekend. Many analysts saw last week’s downpush as an effort by some of the larger player’s to gain market dominance and increase profit share. Panicked investors who sold off their coins are now scrambling to get back their coins at affordable prices before the coin price continues to climb?

Others who bought Bitcoin at $1900 USD over the weekend are now sitting at a small profit margin, and the miner’s and holders can only be optomistic that the price will continue to rise, even if it is not as aggressive as today’s gains.

Some of the top gainers over the last couple days have been Bitcoin, which received over 1 Billion USD in trade volume during the upturn.

Bitcoin still remains approx. $300 USD below it’s average monthly trading price of $2500 USD, but if the price gains continue at this rate, then the average could easily be surpassed within a few days. While it is nice to see the price climb, this also makes it more expensive for people who are looking to invest in the coin.

The USD markets have been the dominating factor in the price climbs, with Poloniex doing the majority of the market-making, coming close to 100 Million USD in volume.

Bitcoin usa tecnología peer-to-peer o entre pares para operar sin una autoridad central o bancos; la gestión de las transacciones y la emisión de bitcoins es llevada a cabo de forma colectiva por la red. Bitcoin es de código abierto; su diseño es público, nadie es dueño o controla Bitcoin y todo el mundo puede participar. Por medio de sus muchas propiedades únicas, Bitcoin permite usos interesantes no contemplados por ningún sistema de pagos anterior.

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