Latest News

$17k Breached: Bitcoin Price Now Down 15% from All-Time High



Bitcoin’s price has fallen 15 percent from its recent all-time high, dropping by more than $1,800 since the start of the day.

Data from CoinDesk’s Bitcoin Price Index (BPI) shows the price falling to as low as $16,961.79 at press time, a fall of over 10 percent on the day. The BPI hit an all-time high of $17,801.94 on Dec. 15.

After opening at $18,960.52 and briefly climbing above the $19,000 level, the cryptocurrency’s value fell below $18,000 first around 11:00 UTC and later at several points during the day. The latest move beneath that figure began 19:24 UTC, BPI data shows.

The trading activity brings the price back to the range it saw on Saturday, a day ahead of the bitcoin futures launch by CME Group. Indeed, it also continues a trend reported earlier today, during which the price of bitcoin had sunk below $18,000 while alternative cryptocurrencies like ether and REP posted significant gains.

As it stands, the collective market capitalization of the cryptocurrency ecosystem remains above $600 billion, having moved across that threshold for the first time yesterday.

Disclosure: CME Group has an ownership stake in Digital Currency Group, CoinDesk’s parent company.

Roller coaster track image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.



Source link

قالب وردپرس

Leave a Comment