|
Title: [2017-06-14] Bitcoin Price Hits 10-Day Low As Crypto Markets Tumble Post by: Terraformer on June 15, 2017, 04:55:55 AM The price of bitcoin continues to edge lower.
https://media.coindesk.com/uploads/2017/06/coindesk-bpi-chart-2-728x364.jpeg At press time, bitcoin was down 5.5% across global exchanges, falling to a low of $2,547.18. This figure was down nearly 15% from an all-time high of over $3,000 reached on 11th June, according to CoinDesk Bitcoin Price Index. This marked the lowest total observed on the BPI since 4th June, when average prices across exchanges fell to $2494.29. Elsewhere, other cryptocurrencies were in the red. The price of ether, ethereum's native cryptocurrency, declined by nearly 10% to reach a low of $361. This was after testing new highs of more than $400 over this past weekend. In the meantime, the top 20 cryptocurrencies by market capitalization according to data service Coinmarketcap almost all fell for an average 7%. Even IOTA, a token for an Internet of Things-specific distributed ledger software was down 15% after a strong market debut yesterday. Bucking this trend, however, was Ripple's XRP token, the third-largest by market capitalization after bitcoin and ethereum, which surged for nearly 10% today. According to data service Coinmarketcap, Korean Won trading contributed to 61.5% of XRP volume with $271m in volume taking place across its three major exchanges. http://www.coindesk.com/bitcoin-price-hits-10-day-low-crypto-markets-tumble/ |
