The biggest cryptocurrency in the market took the headlines today as it recedes by a massive$2,000 and more, dipping well below the $15,000 mark. The digital currency managed to shed the biggest loss it has suffered this year after hitting an all-time high.
Bitcoin was recently surging to the $20,000 mark this week; the rally was a continued surge from last week’s bullish performance which also propelled massive price jumps this week. Market data showed that eh cryptocurrency managed to hit the incredible $20,000 levels over the weekend before hovering well above $19,000 this week.
According to the Bitcoin Price Index of BPI by CoinDesk, the prices fell to abominable levels at $14,502 at the start of the trading session this day. The drop was a massive 27% when we look at the digital currency’s performance and price last December 17 which are reported to be at $19,783. This hasn’t been the latest dips that the cryptocurrency experience; several minor dips were also tallied last week.
The digital currency has been dealing with a massive volatile week, the prices drop just after hitting a massive surge which was relevantly closer to the luscious and lucrative $20,000 mark. Bitcoin, along with other top cryptocurrencies were also trading down.
Some of the massive dips the digital currency market is as follows; the Bitcoin cash was also bearish on the recent market with a whopping 26.9$ decline to $2,660, while the Ethereum was also having a hard time trading, dipping by a total of 17.3% to $719. The only digital currency that was having a remarkable run is the Ripple.
Despite having a sluggish week, Bitcoin cash has been having a remarkable year with a total of 600% increase since the hard fork occurred; the Ethereum was also having a great performance overall; the digital currency was up by a whopping 9,000% this year. On the other hand, the Litecoin has also been dipping lately is still tallying a massive 6,500% increase this year.
On the other hand, a handful of analysts and coin enthusiasts are still
Goldman’s Bitcoin Platform
Goldman Sachs is looking to face several regulations this 2018; the firm has been one of the companies who has been riding the Bitcoin trading trend; the Chicago-based CBOE was the first to take the move and start their own platform last December 10.
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