Bitcoin Plunges Hardly a Day After Hitting Over $8,000

Bitcoin Price

After trading above $ 8,000 less than a day, Bitcoin (BTC) price plunged on May 17 and it was trading at around $ 7,200 which is a 10% drop within a day.

Other cryptocurrencies have also experienced a price drop. Ethereum dropped 7.97% to around $ 240 while XRP lost 15.4% and it’s trading at $ 0.399. The cryptocurrency industry market capitalization fell by 8% which result in about $ 21 billion being wiped out in 24 hours.

Bitcoin Price Drop Triggered by Huge Bitcoin Sell Order

The sudden decline in Bitcoin price was prompted by the placement of …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Crypto Currency News

, , , , , ,

Comments are closed.