Bitcoin drops to three-week low

India Infoline News Service | Mumbai | June 17, 2017 13:51 IST

Bitcoin tumbled to a three-week low at the end of the week after concerns about a Chinese bitcoin miner's plan to undertake a ‘hard fork’ that will result in a split in the digital currency.

Bitcoin tumbled to a three-week low at the end of the week after concerns about a Chinese bitcoin miner's plan to undertake a ‘hard fork’ that will result in a split in the digital currency. After weekly loss, it has recovered a bit and hovering near USD 2500.

Bitcoin fell as low as USD 2,120 on the Bitstamp on Thursday and was last down 6 per cent at USD 2,290. On the week, the currency has fallen more than 29 per cent, on track for its largest weekly slide since December 2013. Also, at the start of week, bitcoin hit a record high of USD 3,000. So far in the current year, the digital currency remains up 158 per cent.

Bitcoin is available at USD 2501 on 1131 hours on June 17, 2017. Over the course of its eight-year history, Bitcoin has on a daily basis risen as much as 18 per cent and fallen as much as 13 per cent. 

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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