Bitcoin Price Taking a Plunge
Bitcoin Price taking a plunge and drops today. Why? Well some believe that the Bitcoin price might fall when the Chinese will celebrate their New Year January 10th 2014. Then the official bans will take place on bitcoin transfers to CNY. Another reason might be that the Chinese Bitcoin Exchange Gox BTC announced yesterday that they are closing their operations: Due to reasons well-known, the operating costs and legal uncertainty for running bitcoin [businesses] have increased in China. As such, we decided, albeit unwillingly, to close the platform that we built from scratch. No words can....
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The price of bitcoin fell below $200 today for the first time since 18th January. The plunge saw an average low of $198.23, according to the CoinDesk Bitcoin Price Index (BPI), with the largest decline taking place on BTC-e, which saw a low of $192. The price has since recovered from those lows to roughly $203 at press time, though prices in some markets, including BTC-e, remain below $200. According to data from the CoinDesk BPI, the $198 figure is the lowest average price low in the last six months, excluding instances of single-day volatility on individual bitcoin exchanges. The move....
Ethereum was struck hard by the plunge seen yesterday evening by the aggregated crypto market After setting fresh 2020 highs of $495 alongside BTC’s push towards $19,000, the cryptocurrency saw a rapid and unrelenting plunge that sent it to lows of $450 on some trading platforms This 10% decline occurred over the course of a few minutes and sent shockwaves throughout the entire market It has since recovered from these lows and is now consolidating […]
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Monday's plunge has erased almost all the gains the leading cryptocurrency had achieved in the new year.