Bitcoin Price Falls Below $200, Hits Six-Month Low

Bitcoin Price Falls Below $200, Hits Six-Month Low

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....


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Quotes

Bitcoin is getting there. But it’s not there yet. When it gets there, expect governments to panic and society to be reshaped into something where governments cannot rely on taxing income nor wealth for running their operations.

Rick Falkvinge, IT Enterpreneur, Politician. Founder of the Swedish pirate party