Bitcoin Price Drops 13% to Fall Below $350
The price of bitcoin on the CoinDesk USD Bitcoin Price Index fell more than 13% today to reach a seven-day low of $329.12. At press time, bitcoin was trading at an average of $332.89 across major USD bitcoin exchanges, a 13.16% decline from the day's opening of $380.04. The day's most rapid decline began at 20:15 UTC before falling abruptly one hour later. Similar price movements were observed on the CoinDesk CNY Bitcoin Price Index, which at press time, indicated prices had fallen more than 12% across major China-based exchanges including BTCC, Huobi and OKCoin. Data suggests both USD and....
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