26 Feb '16, 7pm

Brexit Rumors Fail to Boost Market as Bitcoin Price Steady at $420

Brexit Rumors Fail to Boost Market as Bitcoin Price Steady at $420

Markets Weekly is a weekly column analyzing price movements in the global digital currency markets, and the technology's use case as an asset class. Despite periods of volatility, the global bitcoin market remained calm this week, gaining 1% while fluctuating between $410 and $450. The digital currency was trading at $423.52 at 12:00 (UTC) on 26th February, up from $421.16 at 12:00 (UTC) on 19th February, according to the CoinDesk USD Bitcoin Price Index (BPI). W hat may be most notable, however, is the lack of a price increase given potential macro-economic instability in the eurozone. One geopolitical development that coincided with bitcoin’s price volatility was the possibility of a Brexit , which would see the UK leaving the 28-nation European Union (EU). The event is of interest to traders given bitcoin’s historical response to similar events, rising substantially on ...

Full article: http://www.coindesk.com/brexit-rumors-fail-to-spark-marke...

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