Bitcoin Rally Slows as Price Drops Below $400

Bitcoin Rally Slows as Price Drops Below $400

The price of bitcoin dropped $40 from its opening value of $408.74 today to fall below $400. The decline comes one day after the price of bitcoin peaked at $492.40, passing $500 on select bitcoin exchanges and brokerages across the globe. According to the CoinDesk USD Bitcoin Price Index (BPI), the digital currency declined 5% over the course of the day, reaching a press time total of $389.59. Today's high of $447.25 was reached at 3:04 UTC. CoinDesk's CNY Bitcoin Price Index showed more marked downtrends although the digital currency's value was slightly higher than the USD equivalent. At....


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Quotes

There’s more work to do on DoS, but I’m doing a quick build of what I have so far in case it’s needed, before venturing into more complex ideas.

Satoshi Nakamoto, Bitcoin Developer