Search

Bitcoin takes another dip as cryptocurrencies drop into the red

Bitcoin and other cryptocurrencies dropped into the red last night and have continued to fall this morning.

The most talked-about digital currency was trading two per cent below its previous closing price at $2,444.63, according to CoinDesk, which aggregates prices across several exchanges.

The volatile currency's latest loss marks a more than 20 per cent decline in price since it surged past the $3,000 milestone over the weekend.

Ethereum, the second most popular cryptocurrency, was trading 13.12 per cent lower at $345.44 after edging over $400 to new all-time highs earlier this week, according to CoinDesk's index.

Earlier this week, banking giant Goldman Sachs wrote a bearish client note on bitcoin. The firm's chief technician, Sheba Jafari, said it was worth taking a look at bitcoin "due to popular demand", but it warned clients should be cautious of recent spikes in price, according to reports.

Jafari said he would consider re-establishing bullish exposure when bitcoin was between $2,330 and no lower than $1,915.

Read more: Bitcoin is rallying after hundreds of dollars were slashed off its price

Let's block ads! (Why?)



Bagikan Berita Ini

Related Posts :

0 Response to "Bitcoin takes another dip as cryptocurrencies drop into the red"

Post a Comment

Powered by Blogger.