A few slow days for Cryptocurrency was highlighted in a recent MarketWatch article titled, “Bitcoin in the doldrums, can’t shake $6,500 range,” reported by Aaron Hankin. Per the article, the largest digital currency in the world, Bitcoin, increased by more than 10% early last week, but that was quickly followed by a fluctuation of between only $6,300 – $6,500. Smaller coins alternative to bitcoin, also known as Altcoins, were trading slightly higher Friday, squeaking out gains. Ether was up 0.9% at $200.50, Bitcoin Cash was up 2.2% at $437.60, Litecoin was up 2.6% at $52.82 and XRP had gained 0.5% to 45 cents.
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Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. For more information, visit the company’s website at https://bitcoin.org.
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