LONDON - The price of bitcoin is falling Tuesday morning after big gains over the past few days.
Bitcoin is down over 4% against the dollar to $4,147.93 at the time of writing (11 a.m. BST, or 6 a.m. ET).
The dip follows several days of big gains and record highs. Bitcoin broke through $4,000 a coin for the first time early Sunday morning, a record high, and continued to rise throughout Monday and early Tuesday morning, peaking at $4,339.79. Investors are most likely taking some profit after the rapid rise.
Mati Greenspan, an analyst at the trading platform eToro, told Business Insider: "Some profit taking is to be expected. Of course, if it gets out of hand, there isn't any real support anywhere close."
Full story at http://read.bi/2i8S5mj
Source: Business Insider Nordic
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