Markets Weekly: Bitcoin Price Drops as Coinbase Euphoria Wanes
The bitcoin price has fallen 11% over the last seven days, opening at $254.51 on 26th January and closing at $226.40 on 1st February, according to the CoinDesk Bitcoin Price Index. The price spiked at the start of the week, however, when it hit a high of $307.97 on the back of major announcements from Coinbase, which included its record-setting $75m funding round and the launch of its US-based exchange. The price jumped by more than $50 in intra-day trading. Price gains were quickly lost again as successive trading sessions took their toll. The biggest dip occurred on Wednesday, as the....
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