Bitcoin's price has fallen 15 percent from its recent all-time high, dropping by more than $1,800 since the start of the day.Data from CoinDesk's Bitcoin Price Index (BPI) shows the price falling to as low as $16,961.79 at press time, a fall of over 10 percent. The BPI hit an all-time high of $17,801.94 on Dec. 15.After opening at $18,960.52 and briefly climbing above the $19,000 level, the cryptocurrency's value fellow below $18,000 first around 11:00 UTC and later at several points during the day. The latest move beneath that figure began 19:24 UTC, BPI data shows.The trading activity brings the price back to the range it saw on Saturday, a day ahead of the bitcoin futures launch by CME Group. Indeed, it also continues a trend reported earlier today, during which the price of bitcoin had sunk below $18,000 while alternative cryptocurrencies like ether and REPposted significant gains.
As it stands, the collective market capitalization of the cryptocurrency ecosystem remains above $600 billion, having moved across that threshold for the first time yesterday.
This is not my post : https://www.coindesk.com/17k-breached-bitcoin-price-now-down-15-from-all-time-high/
It's still in a steep uptrend on the long term chart, probably having a rest before another surge up but I'm no expert.
maybe :D
Bitcoin Cash really dropped it some. Although I think the 17-19k point is area of strong resistance. Once it breaks 20k watch out because it could shot to the moon. Jk but seriously if it pushes through it will shoot to 25-27k instantly
yes I think the same thing
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