Bitcoin Rings in New Year with 18% Pop - Threatens 3-Month High

Bitcoin trading continues to be very bullish, with $4.995 USD/BTC hit on the Mt.Gox USD market at approximately 1300 GMT thanks to a couple of very large trades.

The market has since consolidated in the $4.65-$4.70 range, but looks primed for another push to break through the psychologically important $5.00 mark, last seen in early October.

Seemingly in response to this renewed market optimism, a new exchange was launched today. Geared toward the European market, BitcoinMarket24 promises nearly-instant SEPA deposits. Premiums to use this service appear to be on the order of 12% (3.99 EUR/BTC) when compared to the Mt.Gox EUR market (3.55 EUR/BTC), though the convenience is likely to be highly attractive to Bitcoin users.

Posted in: bitcoinmarket24,trading