itBit

At itBit, we regularly publish reports analyzing the bitcoin market, including OTC. Check back often to read our latest research.

It has been an eventful five weeks for the bitcoin and digital asset markets.  

Following the bitcoin halving event on July 9th, the price of bitcoin stabilized in the mid-600 range and remained there through most of July. Then on August 2nd, the massive Bitfinex hack which saw roughly 120,000 XBT...

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The bitcoin price rose 20% in May and is now up over 30% in 2016. The price had been rangebound most of the year, leaving volatility at extremely low levels. Big upside volume helped boost the price above key resistance levels in the $470-$475 range and then over the November high of $500. The...

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The price of bitcoin rose nearly 8% in April, reaching a yearly high of $468 on April 26 before retreating to close the month at $446. Bitcoin outperformed the S&P index in April, which was flat for the month. The rise in bitcoin price coincided with a spike in commodities prices, fueled by a...

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CME Group, in partnership with Crypto Facilities Ltd., announced plans this week to develop two new bitcoin pricing products. The CME CF Bitcoin Reference Rate (BRR) will provide a final settlement price in USD at 4pm London time each trading day while the CME CF Bitcoin Real Time Index (RTI) will...

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In March, the bitcoin price was down about 4%, on par with the digital currency’s performance year-to-date. Global equity markets rallied and outpaced bitcoin in March while commodities had a mixed month (oil was up while gold was down). 

 

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Bitcoin had a solid February with the price closing up about 17% and reaching breakeven on the year. The digital currency outpaced equity markets and commodities, including gold which was up 10.5% on the month. 

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January was a tough month for the financial markets and bitcoin was no exception. Bitcoin opened the year at $432 and briefly broke $450 before falling to $365 to close the month of January. The key driver of the downward price movement was Mike Hearn, a former bitcoin core developer who sold out...

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With a strong finish to the year, many bitcoin traders closed their 2015 positions with gains topping 30%. Despite the positive momentum, the last two months have been far from smooth.

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2015 was an exciting year for itBit’s bitcoin trading services featuring many firsts, milestones and strong growth. In May, we launched our bitcoin exchange in the United States after becoming the first company in the space to receive a trust company charter from the New York State Department of...

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November marked the wildest month for the bitcoin market this year. The bitcoin price opened the month at $328, hit a high of $500 then fell back into the low-$300s all within the first 10 days of the month. The price drop was followed by a consolidation phase that saw the the price hold major...

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