[2014-06-12] Bitcoin edges lower in rangebound trade

[lewisg]

http://www.investing.com/news/forex-news/bitcoin-edges-lower-in-rangebound-trade-289051

According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency declined 2.34% to trade at $634.58.

Bitcoin prices rallied towards the end of May as growing optimism over the outlook for the digital currency boosted prices. Bitcoin rose nearly 29% last month.