Bitcoin’s price has fallen 15 percent from its recent all-time high, dropping by much more than $1,800 given that the start off of the day.
Information from CoinDesk’s Bitcoin Price tag Index (BPI) shows the cost falling to as low as $16,961.79 at press time, a fall of more than 10 % on the day. The BPI hit an all-time high of $17,801.94 on Dec. 15.
Right after opening at $18,960.52 and briefly climbing above the $19,000 level, the cryptocurrency’s value fell below $18,000 1st around 11:00 UTC and later at numerous points during the day. The newest move beneath that figure began 19:24 UTC, BPI data shows.
The trading activity brings the price back to the variety it saw on Saturday, a day ahead of the bitcoin futures launch by CME Group. Certainly, it also continues a trend reported earlier right now, in the course of which the cost of bitcoin had sunk beneath $18,000 whilst alternative cryptocurrencies like ether and REP posted significant gains.
As it stands, the collective market capitalization of the cryptocurrency ecosystem remains above $600 billion, possessing moved across that threshold for the initial time yesterday.
Disclosure: CME Group has an ownership stake in Digital Currency Group, CoinDesk’s parent business.
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Disclaimer: This write-up should not be taken as, and is not intended to provide, investment suggestions. Please conduct your personal thorough investigation ahead of investing in any cryptocurrency.
Published at Tue, 19 Dec 2017 21:21:22 +0000