The Bitcoin Price Is Tanking -- Here's Why

August 1, 2018

 

The bitcoin price bull run over the last month, which saw it climb from around $6,300 to highs of $8,400 in a matter of weeks, could be over. Bitcoin has slumped by 5% over the last 12 hours, falling well below the psychological $8,000 mark as traders and investors fret over coming tax crackdowns and blockchain-based applications being adopted by the traditional financial institutions. Bitcoin hit lows of $7,675 on Coinbase, down from daily highs of $8,168. Meanwhile, other cryptocurrencies are also suffering, and many of them haven't had quite the bull run bitcoin has had over recent weeks to cushion the fall. Ethereum is down by 6% over the last 24 hours, while ripple is down around 4% and bitcoin cash is off by 5%. Here's what's pushing the bitcoin price lower...

Read more...

Share on Facebook
Share on Twitter
Please reload

Featured Posts

#Binance Adds #BTT/PAX, BTT/TUSD and BTT/USDC Trading Pairs

February 14, 2019

1/3
Please reload

Recent Posts
Please reload

Beginner's Bitcoin Buying Guide

Learn how to buy

bitcoin with this free step by step guide for  beginners.

Click here to read

Please reload

Archive

© 2018 by TheCryptoCoinCenter.com  - email  us: TheCryptoCoinCenter@gmail.com

Terms of Use and Privacy Policy Disclaimer: Most of the articles, ratings, and reviews are posted because we are compensated in some way.

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square