The price of bitcoin was fairly flat last week, down less than a percent from the May 9th close.  Bitcoin price dropped 3% on May 10th, from over $460 to $447, before rebounding and consolidating in a tight range the rest of the week.

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The price of bitcoin price rebounded to rise 1.7% over the past week. The price fell below $442 to start the week, six days after bitcoin set a 2016 closing high of $467 in April. This was a major resistance level and selloffs are normal following an initial attempt to break above key resistance.

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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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Our monthly Bitcoin OTC Market Recap infographics are loaded with key OTC data ranging from trading volumes to spot price analysis. OTC market insights from our Director of Trading, Elizabeth Hamilton, can be found below. 

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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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The bitcoin market was quiet in March and the month proved to be a slow one for our OTC trading desk. Lack of market volatility contributed to low trading volumes as many traders sat on the sidelines in search of reliable indicators as to which way the price was headed.

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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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February proved to be the biggest trading month to date for our bitcoin OTC trading desk. Trading volume increased 211% month-over-month as sellers continued to flood the market. This influx of sellers resulted in deeper transactional price execution discounts and presented an opportunity for the...

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The price of bitcoin closed unchanged week-over-week but not without a flurry of mid-week activity. The price shot down to $366 on Wednesday (hitting our projected short-term support) then bounced up to $390 Thursday before closing the week in the mid-$370 range. Traders are expecting a slow week...

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