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

08/12/2017 09:05
EST. Journalist:

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.

This post was last modified on 08/12/2017 13:09

Samburaj Das @sambdas

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 him samburaj(@) or find him barely tweeting @sambdas

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