Bitcoin’s Price Tumbles More Than $400 From New High

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1 BTC = $39354.33 USD  (via Coinbase)
1 ETH = $2695.24 USD  (via Coinbase)
1 LTC = $140.58 USD  (via Coinbase)
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Bitcoin prices fell sharply today after setting a new all-time high above $2,700 on the CoinDesk Bitcoin Price Index (BPI).

The BPI hit a high of $2,791.70 today, data shows. Yet after beginning to dip around 15:00 UTC, that move became more pronounced after 16:00 UTC, including a more than $100 drop between 16:36 UTC and 16:54 UTC, BPI data shows, sliding from roughly $2,630 to $2,515, with a further drop below $2,400 over the next hour.

Markets hit a low of about $2,352, BPI data shows. At press time, the price of bitcoin is at an average of $2,397.

The volatility comes amid a boom in cryptocurrency markets, which have seen bitcoin and others hit new all-time highs in recent days.

Rollercaster image via Shutterstock

Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $39354.33 USD  (via Coinbase)
1 ETH = $2695.24 USD  (via Coinbase)
1 LTC = $140.58 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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