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Author Topic: [2017-07-12]Bitcoin falls to near one-month low with $12 billion wiped off value  (Read 3951 times)
elite3000
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July 12, 2017, 02:08:34 PM
 #1

Bitcoin hit a near one-month low on Wednesday and has seen more than $12 billion wiped off its value in the last 30 days, amid nervousness in the cryprocurrency market.

The price of bitcoin fell to $2,272.32, its lowest level since June 15, when it slumped to $2,185.96, according to data from CoinDesk. The price did recover on Wednesday slightly to a high of $2,354.41.

It's also significantly off the $3,025.47 all-time high reached on June 11, just over a month ago. In this timeframe, its market capitalization or value has fallen by $12.2 billion.

full: http://www.cnbc.com/2017/07/12/bitcoin-falls-to-near-one-month-low-amid-bubble-concern-scaling-debate.html
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July 12, 2017, 03:36:22 PM
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Этo бизнec,вcё пpиpaвнивaeтcя к pocтy и пaдeнию,oн бyдeт pocти eщё нe нa мaлo
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July 12, 2017, 04:43:48 PM
 #3

I think it did recover now. I just hope that we will continue to recover in the coming days. Bitcoin has been like this since last couple of months. It will dip in 2-3 days then bounce back very quick. I'm expecting that the price will continue to grow until we get to the Aug 1 date when we will see price dipping as a result of uncertainty and fear.

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richardsNY
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July 12, 2017, 04:53:29 PM
 #4

Nothing to be surprised about. If we look at the market in the last weeks, then basically anyone with a decent level of market understanding will admit that the market was overbought. As long as we haven't left the long lasting scaling discussions behind us, we are not going to smash through the $3000 level again, and thus we'll be experiencing a lot more of these $200 ups and downs. People must understand that what goes up in value quickly, can go down in the same way quickly.
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