Bitcoin Market Watch

Bitcoin’s recent price surge lost its momentum after losing nearly $7 in value over the past 48 hours, bringing its price to $264.42 at the close of Oct. 19.

Though it opened well this morning, gaining nearly $1 by 02:25 UTC, its future is tough to determine in a market dominated by abrupt price changes.

Yesterday, the coin lost $4 over the course of 2.5 hours only to gain $3 back in an hour span at 13:00 UTC, and the week was marked by a nearly $20 price shift.
Despite changes occurring in leaps and bounds, the coin is still on an upswing, posting gains five out of the seven days this past week.