empty
 
 
Bitcoin recovers after plummeting
16-11-2017 17:34
Bitcoin recovers after plummeting
Bitcoin recovers after plummeting

On Monday, the bitcoin price recovered after a significant fall below $6,000. On the Bitfinex exchange, the cryptocurrency rose by 7.28% to $6,229.
Meanwhile, Bitcoin Cash declined by 9.57% to $1,229. The rise of the bitcoin price and the fall of Bitcoin Cash were due to correction after the weekend, when bitcoin lost 10% of its value. 
At the same time, bitcoin fell by 30% during the past week. Over the weekend, bitcoin fell by 9.5%, and over the past four days it nosedived by 29%. Analysts say that such dynamics of the bitcoin rate is explained by the fact that investors and traders switched to Bitcoin Cash.
As for Bitcoin Cash, it grew by 40% in the last three days, hitting a record level of $2,478. However, the cryptocurrency was trading at $1,325 on Monday.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback