Bitcoin Falls Below $800 As Volatile Week Continues

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1 BTC = $58907.44 USD  (via Coinbase)
1 ETH = $3985.50 USD  (via Coinbase)
1 LTC = $181.97 USD  (via Coinbase)
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Bitcoin prices have tumbled more than 10{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} in morning trading, dipping below the $800 mark.

Markets saw an average low of $779.54, according to the CoinDesk Bitcoin Price Index (BPI), the first time the price has been reported below $800 since 21st December. The drop came after the price traded just above $900 during overnight activity.

2017 has been a volatile year thus far for the digital currency’s price. The start of the week saw the price shift above and below $900 as concerns over rumors of new regulations coming out of China circulated on social media, though market observers appear to be split on what the long-term impact may be.

The price is currently trading at around $804, BPI data shows.

CNY-denominated markets are down more than 9{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} at press time, averaging ¥5,405.69, according to the BPI, after falling to a low of ¥5,194.32.

Image via Shutterstock

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Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

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Ticker

1 BTC = $58907.44 USD  (via Coinbase)
1 ETH = $3985.50 USD  (via Coinbase)
1 LTC = $181.97 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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