RATE Group | After Tanking By Almost 15% In A Single Day, Will Bitcoin Recover In The Near Term?
41409
post-template-default,single,single-post,postid-41409,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

After Tanking By Almost 15% In A Single Day, Will Bitcoin Recover In The Near Term?

06 Sep After Tanking By Almost 15% In A Single Day, Will Bitcoin Recover In The Near Term?

Posted at 18:07h in Bitcoin News by

[ad_1]

Goldman Sachs world headquarters, center right, stands across the street from One World Trade Center, center left, in New York. (AP Photo/Mark Lennihan)

Bitcoin prices tanked by nearly 15% over trading on Wednesday, September 6, sinking from nearly $7,400 to below $6,400. The popular cryptocurrency was not the only one hit, though, as the trend was mirrored by other cryptocurrencies and tokens as well. The sharp sell-off across the nascent industry can likely be attributed to two developments: Goldman Sachs’ apparent decision to delay its plans to open a cryptocurrency trading desk, and concerns about popular trading platform ShapeShift now requiring users to update their personal data.

As both of these factors could result in weaker-than-expected cryptocurrency trading activity in the near future, it lends support to our view that Bitcoin prices aren’t likely to breach the $10,000-level again this year – something we detail in our interactive…

[ad_2]

Source link

Tags:
, , , , , ,