RATE Group | Bitcoin Bounces Back After Sell-Off — A Worrying Sign?
39114
post-template-default,single,single-post,postid-39114,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
 

Bitcoin Bounces Back After Sell-Off — A Worrying Sign?

17 Aug Bitcoin Bounces Back After Sell-Off — A Worrying Sign?

Posted at 17:53h in Bitcoin News by

[ad_1]

Most digital currencies including bitcoin, (BTC) ethereum, (ETH) ripple (XRP) and stella (XLM) have seen a dramatic fall in their prices throughout 2018 amid a mass sell-off. In December 2017 the price of BTC hit $20,000 but has since fallen to around $6,000. (Photo Illustration by Dan Kitwood/Getty Images)

Bitcoin, along with many other major cryptocurrencies, continues to grapple with extreme volatility — and at a time when investors were hoping bitcoin might have reached a better level of maturity.

The bitcoin price has bounced from highs of $8,500 to lows of $5,800 over the last three months, not to mention the 70% drop in the bitcoin price since December last year, and has caused many recent investors to despair.

Bitcoin has swung from under $6,000 this week to around $6,500 and has intraday changes well into the hundreds of dollars — far beyond the vast majority of the world’s currencies and traded commodities (with some exceptions, of…

[ad_2]

Source link

Tags:
, , , ,