Just two days after achieving a historic high of over $5,000 on September 2, bitcoin's price has plummeted to below $4,400.
The notable sell-off – the biggest in the crypto markets since July 15 – began immediately after the record high of $5,013.91 had been reached Saturday, and has continued today, according to data from CoinDesk's Bitcoin Price Index.
Starting the session at $4,631, the digital asset traded sideways for a time (with a high of $4,636), until around 07:00 UTC, when a sharp drop was observed taking bitcoin to a low of $4,345 for the session.
At press time, the price had recovered a tad to $4,367 – a drop of 5.7 percent ($263) for the day so far.
Full story at http://bit.ly/2vFzwMR
Source: CoinDesk
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