RATE Group | Bitcoin Price Pares Some Loses, But is The Cat Dead?
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Bitcoin Price Pares Some Loses, But is The Cat Dead?

09 Sep Bitcoin Price Pares Some Loses, But is The Cat Dead?

Posted at 19:22h in Bitcoin News by

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The last 24 hours have been somewhat of a rollercoaster ride for Bitcoin price and the entire market. Having plunged with a little over three percent yesterday, the world’s largest cryptocurrency marked a quick recovery today.  

Quick to Recover

Bitcoin price 00 saw gains nearing three percent in less than an hour, quickly recovering from yesterday’s decline. The price surged over $200 in a matter of minutes after some sideways (in)action.

Nevertheless, the first and foremost digital currency is still down about 15 percent in the last four days alone. Bitcoin’s price plummeted Thursday as false reports of Goldman Sachs backing off on their intentions to launch a cryptocurrency trading desk started circling the media.

In a rather interesting twist of events, though, the investment bank’s CFO denied said reports as “fake news” while, at the same time, revealing that they are currently exploring a Bitcoin derivative dubbed “non-deliverable forewords.”

Bitcoin price…

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