RATE Group | Bitcoin price drop: Will Bitcoin hit $3k – Is the rise of Bitcoin and cryptocurrency ove…
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Bitcoin price drop: Will Bitcoin hit $3k – Is the rise of Bitcoin and cryptocurrency ove…

18 Sep Bitcoin price drop: Will Bitcoin hit $3k – Is the rise of Bitcoin and cryptocurrency ove…

Posted at 14:54h in Bitcoin News by

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Bitcoin started this year on a high of $14,112 (£10,745) and reached a peak of $19,535 (£14,874) on December 17.

However, since the beginning of the year, it has suffered a significant loss and is currently trading at $6,265 (£4,768) on Tuesday, according to industry site CoinMarketCap.

Bitcoin is down three percent on a 24-hour basis.

The cryptocurrency has lost 50 percent of its value since the start of 2018 and 60 percent of its value since the high in December.

The Business Insider recently reported Goldman Sachs was putting plans for a crypto trading desk on hold caused Bitcoin to drop 5 percent and the top five cryptocurrencies by market cap to fall by more than 12 percent.

However, the news was disputed by Goldman Sach’s CFO Martin Chavez who described the reports as “fake news.”

Rumours the investment bank was setting up a crypto trading desk to make markets in digital currencies, such as bitcoin, have been circulating since December 2017.

Regardless of whether the news…

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