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Sunday, September 3, 2017

Bitcoin Drops Below $5,000 as Crypto Markets See $13 Billion Sell-Off

Bitcoin Drops Below $5,000 as Crypto Markets See $13 Billion Sell-Off

It's the biggest sell-off since mid-July.

At press time, the total value of all publicly traded cryptocurrencies was $166 billion, a figure that was down more than 7 percent from a high of nearly $180 billion last night.

That's when bitcoin, surging on technical improvements and growing investor optimism, topped $5,000 on the CoinDesk Bitcoin Price Index for the first time.

The decline was similar to what was observed on bitcoin, with average global prices declining from a high of $5,013.91 to a low of $4,619.97, a more than $250 decline.


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


Source: CoinDesk


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