Bitcoin has had a quiet week, experiencing low trading volume and rather modest price changes as market observers saw Australian academic Craig Wright claim to be Satoshi Nakamoto, the pseudonymous creator of bitcoin.
On the other hand, ether – the native token of the Ethereum network – fluctuated far more significantly in terms of price during the seven days through 6th May.
Market participants traded only 7.7m BTC during the period, Bitcoinity data reveals – far less than many recent weeks. Ether saw reasonable transaction volume, as the digital currency reached 24-hour volume of $11.6m at 23:59 UTC on 28th April and $18.3m between 00:00 and 04:23 UTC on 6th May.
Bitcoin started the seven-day period with a price of $449.86 on 29th April between 12:00 and 02:59 UTC, the CoinDesk USD Bitcoin Price Index (BPI) reveals. It surpassed $455 between 18:00 and 20:59 UTC on that day, reaching a high of $456.84 for the period, and then proceeded to fluctuate largely between $450 and $455.
Yet the week of calm is showing signs of giving way to some weekend volatility. At press time, the price of bitcoin has begun to climb further, reaching a high of $461.54. Craig Wright’s claim
The currency then fell below the key levels of both $450 and $445 between 06:00 and 08:59 UTC on 2nd May, additional BPI data show – the day Wright proclaimed himself the creator of bitcoin.
Gavin Andresen, a noted developer and maintainer of Bitcoin Core, and Jon Matonis, a Bitcoin Foundation founding director, both wrote blog posts supporting Wright’s claims.
Yet his assertion generated skepticism, and the proof he provided to support his claim was quickly debunked, as members of the bitcoin community revealed it was merely a key from a 2009 bitcoin transaction.He later stated he would provide additional information to prove himself, […]
