Newsflash: Bitcoin Price Loses $3,000 in Major Correction, Regains Upward Run

Journalist:
December 8, 2017

Bitcoin’s wild ride continues as the cryptocurrency took an abrupt fall in trading above $17,000 to hit a ‘low’ of $14,106.

Friday’s Bitfinex chart.

Bitcoin price has had its biggest fall in dollar valuation yet, losing over $3,000 from it’s high of $17,203.45 during the early hours of Friday (UTC) down to $14,106.32, global average markets’ data shows. The 17% drop, while steep, falls short of the 20% decline in bitcoin prices on November 30 – a day after bitcoin price hit $10,000.

At press time, bitcoin is trading back above $15,500.

Featured image from Shutterstock.

Last modified (UTC): December 8, 2017 13:09

Samburaj Das @sambdas

Samburaj is the Editor for CCN, among the earliest and foremost publications covering financial and blockchain news. He has authored over 2,000 articles for CCN. Email him samburaj(@)ccn.com or find him barely tweeting @sambdas