[2016-06-24] Why Bitcoin Prices Plunged This Week

[a7mos]

Why Bitcoin Prices Plunged This Week

Bitcoin prices took a sizable dip following several positive weeks.

Bitcoin The cryptocurrency fell from its June 17 price of $774.94 to around $590 during the day Thursday. Fears over Great Britain leaving the European Union put a dent on Bitcoin.

Additionally, a major exchange of the currency was down for a few hours due to network issues. Bitfinex fixed the issue later that same day.

Preceding this slide, the Bitcoin surge that rose it to its highest levels since 2013 took place due to a decline in availability that left miners with limited supplies.

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[Chris!]

Fears over Great Britain leaving the European Union put a dent on Bitcoin.
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That's easy enough to say, but why would that affect bitcoin's price?

Additionally, a major exchange of the currency was down for a few hours due to network issues. Bitfinex fixed the issue later that same day.
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100% agree. This had some affect on the price for sure.

Preceding this slide, the Bitcoin surge that rose it to its highest levels since 2013 took place due to a decline in availability that left miners with limited supplies.
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That's an awful way of wording it. Sometimes a few extra words really help convey what you're trying to say. They're way off on this one.

[hendra147]

bitcoin price today risies so much i think we can reach $800-$900 soon
keep watching and holding your bitcoin.

[Vixmore]

bitcoin price today risies so much i think we can reach $800-$900 soon
keep watching and holding your bitcoin.

the last drop was just due to profit taking. It has risen too much in the last months. It just started rising again.