Price of Bitcoin Falls to $500, Lowest Level Since May
The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) dropped below $500 today. At 2.30pm UTC, the price had fallen nearly 9% to $496.27, its lowest level since 21st May, when concerns about restrictive regulation in China were widespread. Notably, the decline below $500 was short lived, with the BPI quickly rebounding over the $500 mark to reach $512.26 at press time. No clear cause. Though no one news event could clearly be linked to the price decline, speculation was rampant on Reddit and other bitcoin community mainstays as to what factors were contributing to the market....
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The price of bitcoin on Mt. Gox dropped below $100, hitting a low of $91.50 on 20th February. Data from Bitcoincharts indicates it was the lowest total observed on the exchange since 22nd July when the lowest price was $89.80. The announcement comes amid increasing criticism from the bitcoin community about the exchange and its questionable behavior that has included ignoring protestors, blaming the Bitcoin protocol for its implementation issues and somehow managing to create an aura of suspicion and uncertainty around even its physical address. Earlier this week, Blockchain.info chief....
Bitcoin fell to its lowest level since December 2020 to start the trading week, as crypto markets continue to plunge. ETH also fell considerably on Monday, as prices declined by over 16%, falling below $1,200 in the process. Bitcoin Bitcoin fell to its lowest level since December 2020 on Monday, as crypto markets plunged to start the week. Markets sold off over the weekend following an unexpected rise in U.S. inflation, with price declines carrying over into the new trading week. BTC/USD fell to an intraday low of $23,607.69 earlier in today’s session, which is its lowest point in....
Bitcoin has fallen below $40,000 to start the weekend, as cryptocurrency markets extend recent losses. ETH was also lower on Saturday, falling to its lowest point this week in the process.
Bitcoin
BTC fell for its fourth consecutive session on Saturday, as the world’s largest cryptocurrency dropped below its long-term support level.
The price of BTC/USD fell below its $40,000 floor during the session, hitting an intraday low of $38,777.04 in the process.
As of writing, BTC is down 5.27% on the day, and is currently trading at $39,151.54, with the....
Data shows the daily Bitcoin volatility has declined further this week, reaching very low levels not observed in around two years. Bitcoin 30-Day Volatility Has Come Down To Just 1.9% In Recent Days As per the latest weekly report from Arcane Research, the 7-day volatility made a low below the 1% mark earlier in the week. The “daily volatility” is an indicator that measures how the per day returns of Bitcoin have differed from the average during a specific period. While this period can be of any length, two versions of the metric are particularly natural, the 7-day volatility....
The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing.
Bitcoin
Bitcoin (BTC), which has been the main focus of the recent decline in crypto prices, was trading 3% lower on Monday (at the time of writing), and almost 20% down from its position at the same time last week.
As of writing, BTC/USD hit an intraday low of $33,184.06 during....