NEW YORK -- A bitcoin sell-off that began at the beginning of the week is gaining momentum, with a quarter of its value evaporating in just the past 24 hours.
Shortly before U.S. markets opened Friday, bitcoin was trading at $13,659.85, according to the tracking site CoinDesk. The cost had soared close to $20,000 as of Sunday.
That is a radical price change in just one month. In mid-November, the bitcoin was trading at less than $6,000.
The cryptocurrency has been notoriously volatile, with a significant crash every quarter. Yet this week has been a particularly unstable, and could be biggest sell-off for bitcoin in years.
Let's block ads! (Why?)
Bagikan Berita Ini
Related Posts :
Canopy Growth shares fall as fourth-quarter revenues rise, loss deepens
Armina Ligaya, The Canadian Press
Published Friday, June 21, 2019 11:18AM EDT
Last Updated Friday,… Read More...
Productivity gains outpace steep rise in agricultural energy use since 1990
CALGARY -- Third-generation farmer Ron Lamb remembers his father pulling six-metre-wide crop-seedin… Read More...
Markets end strong week slightly lower despite higher crude oil, gold prices
Ross Marowits, The Canadian Press
Published Friday, June 21, 2019 1:13AM EDT
Last Updated Friday, … Read More...
Desjardins data breach affecting 2.9 million members sparks class-action lawsuits
The Canadian Press
Published Friday, June 21, 2019 11:26AM EDT
Last Updated Friday, June 21, 2019 … Read More...
Five things to watch for in the Canadian business world in the coming week
TORONTO -- Five things to watch for in the Canadian business world in the coming week:
BlackBerry e… Read More...
0 Response to "Bitcoin sell-off picks up steam"
Post a Comment