13 Sep '17, 3am

Bitcoin Drops Below $4,000 as Market Mood Turns Uncertain

After mounting a modest recovery in the wake of rumored regulatory scrutiny, the price of bitcoin is back below $4,000. The average price of bitcoin across global exchanges fell below $4,000 at roughly 3:15 UTC today, hitting a low not observed since September 10. The movement followed a period in which the bitcoin price repeatedly tested $4,000, but succeeded in staying above the barrier. All in all, the move comes during an uncertain time for the cryptocurrency market, which has seen a period of sideways trading following a torrid first half in 2017. With the recent decline, the price of bitcoin is up just 1.7 percent over the last month, though it has still appreciated nearly 300% this year. Likewise, the broader cryptocurrency markets have seen similar activity, rising 3.4% over the last 30 days, but declining more than 17 percent from its highest point during the peri...

Full article: https://www.coindesk.com/bitcoin-drops-4000-market-mood-t...

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