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....
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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....
Following a steep drop that began early yesterday, bitcoin price has scaled its way back up the charts toward $650 in a continuing rally today. The Bitstamp Price Index (BPI) plateaued most of the day after a late rally last night to scale the $650 figure, following a low of $611.40, on Thursday. The decline began at 02:30, early Thursday, when bitcoin price fell from $678.05 to $642.97 in two hours. Price traded uniformly for a 12-hour period before another steep drop saw value stumble from $638.40 to $617.15 in half an hour. The subsequent rally began at 21:35 with bitcoin price at....
It should no longer be a surprise that the price of Bitcoin hit $1000 this week on Japanese exchange Mt. Gox, but now, another exchange has creeped up to the $1000 mark. That's Bitstamp, of course. The exchange, which has always trailed a ways behind Mt. Gox (except for recently when the price between Mt. Gox and Bitstamp were nearly equal) is now in the 4 digits - which really reinforces just how valuable Bitcoin has become. The question is: will the $1000+ price keep it up?
Bitcoin price has sunk to a 30-day low, losing over $200 in a 24-hour period to hit a low of $938.73 on the Bitstamp Price Index (BPI). The ongoing debate about a hardfork of the bitcoin blockchain that could see two separate networks with two separate assets has possibly triggered a bitcoin price spiral to levels unseen since February 9. At the time, price crashed to a low of $915 from trading levels above $1050 after two of China’s biggest bitcoin exchanges paused bitcoin withdrawals, a measure that still stands today. At 15:45 UTC on Friday, BPI figures reveal the cryptocurrency trading....
Ethereum plummeted over 8% in the last 24 hours as the crypto bloodbath continues. Bears are in control of the market as the coin is treading very close to the $1000 price level. The major sell-off has also affected Bitcoin massively as the crypto lost over 33% in the last week itself. This has also caused other market movers to dip severely on their respective charts. Ethereum lost its support at $1300 and now is eyeing $1000. Buyers have exited the market as the coin continued to remain exceedingly sold out. The global cryptocurrency market cap today is at $950 Billion with a fall of....