Bitcoin Posting Declines Last Recorded In December 2013

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    After the digital token drawn huge interest from investors across the globe with a massive surge in price from less than US$ 1000 in price to US$ 20000 on some of the global exchanges in the mid of December 2017, the decline in the currency sees no stopping.

    Bitcoin Posting Declines Last Recorded In December 2013

    In the first month of 2018 alone, the currency has recorded a decline of almost 31% as the US authorities are scaling up their scrutiny measures against the leading digital currency exchanges.

    At the same time, Facebook has also been reported to ban any such ads promoting investment or trading in cryptocurrencies on its platform.

    Read about Facebook to ban ads promoting digital currencies

    As per the composite pricing which is compiled by the Bloomberg, the largest digital currency in market share and cap was seen trading at $9,817 as of 10:20 a.m. in Hong Kong.

    In line with it, price of other altcoins including ripple, ethereum and litecoin was also down by 2%.

    The clampdown across the globe is seen as a huge trigger which has pushed the price of digital currency down by almost 31% in a month's time.

    South Korea also has reported to identify some huge chunk of money linked to cryptocurrency fraud.

    Read about Japanes crypto exchange heist

    Goodreturns.in

    Story first published: Wednesday, January 31, 2018, 14:01 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    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