The price of the BITCOIN strongest decline during this week on Monday, to lose more than $ 500 after recording the index of the digital currency at its highest level ever at $ 9,771. Trading data on the Bitfinex platform shows a trading price of $ 9,771 at 06:30 UTC. While the sell-off at 9:00 am UTC led to a short-term collapse as prices fell by $ 540, down 5.5% in 40 minutes to $ 9,231. At the moment, this decline is not like the corrective course of the market, as the currency rose again to trade near $ 9,500.
On the other hand, the currency of the Bitcoin has seen tremendous interest as a store of value by retail investors this year, and is now priced at nearly ten times the price at the beginning of 2017, which was $ 1,000. In recent months, the value of the world's first digital currency has begun to reap tremendous gains after the announcement by CME, the world's largest money-changer, for the delivery of December futures contracts. This step has increased confidence in the digital world with the expected participation of investment institutions. Despite the drop in the price of the bitcoin today, the rise continues, after rising from $ 8,000 to $ 9,000 in just seven days. This is a 1,000-point rise to a record high for bitcoin, after an eight-day rally from $ 3,000 to $ 4,000 earlier this year. Given the current upturn in the uptrend, reaching $ 10,000 would be only a matter of days or hours.
@steem-marketing has voted on behalf of @minnowpond.
If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
To receive an BiggerUpvote send 0.5 SBD to @minnowpond with your posts url as the memo To receive an BiggerUpvote and a reSteem send 1.25SBD to @minnowpond with your posts url as the memo To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo