Bitcoin fell below $ 8K at the end of the worst week in 2019

UNITED STATES, WASHINGTON (OBSERVATORY) — The Bitcoin exchange rate fell below $ 8 thousand, while over the past week it fell by about 20%, according to MarketWatch.

This was the largest weekly drop this year.

Over the past three months, cryptocurrency has lost about 34% of its value.

However, since the beginning of this year, it has grown by 115%. In June, the rate rose above $ 10 thousand for the first time since the beginning of 2018.

Bitbull Capital’s chief executive Joe Deepaskwale believes the recent drop in bitcoin is a result of “technical and fundamental factors.”

Cryptocurrency is now trading around $ 7,796.43, which is 2.8% lower than the previous day, according to CoinDesk. Bitcoin’s market capitalization is around $ 144.6 billion, according to Coinmarketcap.com estimates.

The Bitcoin exchange rate reached a historical maximum of almost $ 20 thousand at the end of 2017.

Online:

This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.

Our Standards, Terms of Use: Standard Terms And Conditions.

OBSERVATORY NEWS — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.

Contact us: contact@newsobservatory.com

Stay connected with News Observatory and Observatory Newsroom, also with our online services and never lost the breaking news stories happening around the world.

Support The OBSERVATORY from as little as $1 – it only takes a minute. Thank you.

We are NEWS OBSERVATORY — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes OBSERVATORY possible came from you.

Tags
Show More

Related Articles