Bitcoin Prices Sink Below 52% off its All-Time High

By Olga
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    For the first time since November 2017, Bitcoin is valued below $10,000. It was traded at $9,199.59 at 09.04 pm (IST) today after a 19% drop in last 24 hours.

    Bitcoin Prices Sink Below 52% off its All-Time High

    In December 2017, Bitcoin saw a record high of $19,343 and has been experiencing a gradual decline. It is now down by 52% from its all-time high. More than $30 billion has been shaved off its market value in 24 hours.

    Meanwhile, Ethereum has been trading at almost 29% lower at $791.97 a coin and Ripple fell by 34% to about 91 cents.

    The sharp decline seen is a result of South Korea's Finance Minister's statement signaling a possible ban in the country and China's cryptocurrency crackdown. Fear of 'Bitcoin Bubble' has been sweeping the cryptocurrency market.

    Read more about: bitcoin cryptocurrency
    Story first published: Wednesday, January 17, 2018, 22:27 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more