Bitcoin Price Takes a Fall to Hit a Low of $300

Bitcoin Price Takes a Fall to Hit a Low of $300

The Bitstamp Price Index took a steep drop to hit a monthly low of $300.30, a figure struck near 03:00 UTC, November 11th. Yesterday, the price of bitcoin opened at $377.90 UTC to see a steady decline through the day before taking a steep fall at 20:00 UTC, from $352.40 to $332.07 at 22:00 UTC. The Bitstamp Price Index started 11/11 at $336.73 before dropping to a monthly low three hours later at $300.30. At the time of publishing, the Bitstamp Price Index was trading at $314.33. The price decline comes in the aftermath of the final Silk Road auction that saw the sale 44,341 BTC. Although....


Related News

Newsflash: Bitcoin Price Takes a Steep Fall Below $1000

Update: Today’s price low has been corrected from the earlier reported $887 to $885.41. After months of a sustained bullish rally, bitcoin price has swung to a significant slump, hitting a low of $885.41 on the Bitstamp Price Index (BPI) today. The dramatic drop comes within a day of bitcoin inching close to its all-time high. The first signs of a collapse began at 09:00 (UTC), when bitcoin was trading at $1,134.78. A thirty-minute trading period saw price fall quickly toward $1,068.84 before rebounding above the $1,100 mark an hour later. Come midday, things took a turn further south as....

Markets Weekly: Bitcoin Price Resilience Crumbles

Bitcoin price resilience finally crumbled this week after two weeks of strength following the so-called 'BearWhale' slaying. The price opened the week at $386, holding steady until mid-week, when it began a steep decline. It closed at $346, shedding $40 over the last seven days. The bitcoin price deterioration follows a strong rally from $295 on 6th October to a high of $405 about a week later. Trading held steady until this week's drop, even as the wider financial markets tumbled in mid-October. Swaps activity spikes. A look at the swaps activity on Bitfinex reveals more bearish....

Ethereum Price Analysis: July 4 - July 11

Ethereum price is continuing to fall. It is currently traded at the long-term correction peak. Is there a way for the price to go up? USDTETH. Fall in demand. The fact that Ethereum price could settle at $300 just confirms the upward trend is weak. This mark is important for growth since it was the point of the biggest offer. It wasn’t able to uphold, so obviously the supply surpassed the demand. But at the moment, the fall in demand seems to be temporary. Sharp upward impulses after sharp fall only prove that. According to Vitalik Buterin, the Ethereum network development influences the....

How the Dollar’s Fall from the Top Could Fuel the Future of Bitcoin

Bitcoin was built and designed to be directly opposed to the dollar in every way. In a sense, it is its destiny to trade against the dollar until it meets its untimely demise. That demise could very well be beginning thanks to the pandemic, and its fall from glory could also fuel a future where Bitcoin takes its throne. Here’s what that could look like from a technical analysis perspective. DXY Dollar Currency Index Short-Term […]

Is Brexit Behind Bitcoin’s $100 Fall?

One of the reasons behind the fall of Bitcoin price is said to be the upcoming referendum to decide upon Britain's exit from the European Union. After an impressive rally, Bitcoin is now appearing to be losing its bullish sheen, with its price dipping from $750 to $600 within the matter of few days. At the same time, there are different theories that are going around in parallel, explaining the cause for such a drastic fall. One of the reasons behind the fall of Bitcoin price is said to be the upcoming referendum to decide upon Britain’s exit from the European Union – popularly known as....