Published on September 6th, 2015 | by bitcoin0
Bitcoin Price At 19-Day High
Running into a wall of resistance in the low $230s, it appeared destined to continue following declining global markets.
Today, Bitcoin hit a peak of $242 on Bitstamp, its highest since August 18, when it plummeted by over 13% to $220.
Forming a tight band, Bitcoin underwent its most stable 7-day period since May.
Interestingly, the recent wild price swings have correlated well with those in the global equity and commodity markets.
Litecoin, which has been under-performing relative to bitcoin, broke back above $3 for the first time in 10 days.