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Saturday, March 25, 2017

Bitcoin Support Weakens As Price Drops Below $1,000

Bitcoin Support Weakens As Price Drops Below $1,000

Bitcoin prices fell below $1,000 this morning as support for the digital currency waned.

Prices had hit a low of $969.35 by the time of reporting, having started the session at an average of $1,029.95, CoinDesk Bitcoin Price Index (BPI) data indicates.

At press time, the average price of bitcoin was $977, a fall of over 5% for the session. Since the start of trading, markets had peaked at an average of $1,032.34.

Bitcoin’s price also dipped below the $1,000 mark over the weekend, hitting a low of roughly $947, before recovering the following day. Prices revived to above $1,115 yesterday, but have again since declined.

Full story at http://bit.ly/2ogg01i

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