RATE Group | Bitcoin begins May with retreat back below $9,000 after 30% pop in April
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Bitcoin begins May with retreat back below $9,000 after 30% pop in April

01 May Bitcoin begins May with retreat back below $9,000 after 30% pop in April

Posted at 14:26h in Bitcoin News by

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Bitcoin fell below $9,000 Tuesday, the first trading day of May.

The cryptocurrency traded 3.9 percent lower around $8,880 as of 8:49 a.m. ET, according to CoinDesk’s bitcoin price index. The decline followed a gain of about 33.5 percent for April.

There was no immediately apparent reason for bitcoin’s drop, which began overnight. Bitcoin has struggled to recover $10,000 in the last several weeks and remains roughly 36 percent lower for the year so far.

Bitcoin over the last 12 hours

Source: CoinDesk

Japanese yen accounted for about 41 percent of bitcoin trading volume, according to…

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