Bitcoin is trading flat ahead of the ”Black Friday” event. After opening at $363.78, prices fell slightly to $361 per coin but BTC recovered soon after. In the next few hours, a high of $369.99 was reached. This is where most of the action stopped however and BTC/USD spent the rest of the day in a tight range between $364 and $370. We are currently quoted at $364.90 on BTC-E. As usual, prices are slightly higher on rival exchanges BitStamp $369 and OKCoin $370.
The total daily range today is a tiny $8.94 dollars. This compares to yesterday’s $12 dollars and the $31 dollars the day before. The ever constricting range should lead to a breakout eventually. The two possible catalysts are tomorrow’s Bitcoin Black Friday and the auction deadline on December 4th. We have already written a lot on the two events in our previous articles, to avoid repetition, take a look HERE if you’re interested to learn more.
The American Red Cross started to accept bitcoins for donations! The non-profit will be using BitPay to convert the BTC to cash. BitPay will process the donations without fees. The Red Cross will also participate in “Bitcoin Black Friday” and will be listed on the official website for the event. Jennifer Niyangoda, executive director of Corporate and Foundation Programs at American Red Cross had this to say about the BitPay partnership:
”The Red Cross is thrilled to partner with BitPay to offer a different way for generous donors to support our humanitarian mission. This gives a new generation of supporters the opportunity to help people in need.”
If you’re looking for some good discounts this Friday, the deals are now up on the Bitcoin Black Friday website. A cursory glance shows 14 exclusive Newegg deals as well as an extra 5% discount for gifts cards bought through Gyft. In the finance category, bitcoin broker BTC.sx is offering a 20% reduction in trading fees. Happy shopping!
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