Newsflash: Bitcoin Price Loses $200, Falls Under $950


Bitcoin price has sunk to a 30-day low, losing over $200 in a 24-hour period to hit a low of $938.73 on the Bitstamp Price Index (BPI).

The ongoing debate about a hardfork of the bitcoin blockchain that could see two separate networks with two separate assets has possibly triggered a bitcoin price spiral to levels unseen since February 9. At the time, price crashed to a low of $915 from trading levels above $1050 after two of China’s biggest bitcoin exchanges paused bitcoin withdrawals, a measure that still stands today.

At 15:45 UTC on Friday, BPI figures reveal the cryptocurrency trading at nearly $1,160. 24-hours later, bitcoin lost over 18% of its value, hitting a low of $948.73.

At the time of publishing, bitcoin is rebounding back toward the $1000 level, trading at $979.

As bitcoin falls, its closest competing crypto-token, ether, has now been surging for a week. Ethereum prices nearly scaled $60 yesterday.

For a live Bitcoin Price chart, click here.

All time references are in Coordinated Universal Time (UTC).

Image from Shutterstock. Charts from Bitcoin Wisdom.

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POSTED IN: Bitcoin Price News, News
Samburaj is the Editor for CCN, among the earliest and foremost publications covering blockchain, cryptocurrency and financial technology news. He has authored over 1,500 articles for CCN and is invested in Bitcoin. Email: [email protected]