RATE Group | Bitcoin Plunges to $9,500, $45m BCH SIM Swap, IRS Focused on Cryptocurrency
80462
post-template-default,single,single-post,postid-80462,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 Plunges to $9,500, $45m BCH SIM Swap, IRS Focused on Cryptocurrency

22 Feb Bitcoin Plunges to $9,500, $45m BCH SIM Swap, IRS Focused on Cryptocurrency

Posted at 21:54h in Cryptocurrency News by

[ad_1]

Another week, another round of Crypto Tidbits. Wow, the past seven days have been quite the trip for Bitcoin, to say the least. After peaking at $10,500 last week, the price of the leading cryptocurrency plunged to $9,700, bounced to $10,300, then took a few hours to crash from that level to $9,250, liquidating hundreds of millions worth of leveraged positions in the process.

The weekly data has echoed Bitcoin’s questionable performance. Per data from Coin360, BTC is down 2.6% in the past week. Altcoins, however, (save for Ethereum and Litecoin and a few other projects) have fared even worse: for instance, the two leading Bitcoin forks are down over 10% apiece and XRP has shed 10%.

Aside from the tumultuous market, the underlying cryptocurrency industry saw a relatively productive week, with there being a number of news stories showing the growth and adoption of these technologies, though others casting light on issues in crypto.

Related Reading: Crypto Tidbits: Bitcoin Slides…

[ad_2]

Source link

Tags:
, , , , , , , , ,