BitcoinAverage Blog

bitcoin price news and analysis

Small Ripple makes a big splash

As a business in the 21st century we always make efforts to stay current with the latest trends. For us a big part of this is keeping an eye on the emerging cryptocurrencies. One of them is Ripple. Ripple enables banks to leverage the blockchain technology to perfor...

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As everyone knows Bitfinex were experiencing fiat withdrawal delays due to ongoing issues with their banking partners. We have been monitoring the situation and their recent annoucement, as pictured, has forced our hand to temporarily remove them from our calculations.

For those who may not unders...

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Introducing the BitcoinAverage Amazon Alexa skill

It's very cool


We are pleased to introduce our very own Amazon Alexa skill. Text-to-speech devices are becoming more and more popular each day, with their growth set to skyrocket in the coming months and years we thought it was best to get involved early and provide our users with this useful app!

The Alexa skills store already has a few hobbyist bitcoin skills, but we felt it was time for a more featureful one, backed by our world renowned index.

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There is nothing quite like a Happy new year and $1000 Bitcoin, to cap off what has been an amazing past year for Bitcoin investors. In a matter of 30 days, Bitcoin has had a phenomenal run rising +29%, from $800 on December 17 to $1032 on January 2, 2017. The market capitalization of Bitcoin surpassed the $16 billion mark, taking a stunning pole position for the decisive best performing commodity and currency awards in 2016. Bloomberg, Reuters, CNBC covered the digital asset’s impressive rise over the past month, ebbing away the skepticism of new investors. Buyers coming in this week, from this renewed wave of interest, will possibly only ever marginally heard about this niche market.

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Bitcoin was in the mainstream media headlines again this week, as an official cash ban in India led to speculative spike in Bitcoin demand. On most occasions, it is the Chinese, fleeing capital controls via Bitcoin as a safe, censorship resistant asset. This time, it was their neighbours, after Prime Minister Modi abolished the 500 and 1000 Indian rupee note.

Demand on Indian exchanges and p2p marketplaces shot up, as the digital currency traded at $1000 in India versus a $750 global average. 8000 miles away, in the United States, Coinbase was fighting off an unprecedented legal request by the IRS to access its customers’ history. Meanwhile, 2015’s divisive bitcoin block size debate resurfaced as Segregated Witness, a soft fork proposal gained 26% adoption by mining nodes.

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