19 Mar '17, 3pm

Bitcoin Price Declines to $926 But Recovers, Drops 16% in One Day

In the afternoon of March 18, Bitcoin price plunged to $926 on Coinbase’s GDAX and $940 in most global Bitcoin exchanges, recording a 16 percent drop in value within a day, falling from $1,100 to $926. Within minutes, Bitcoin price recovered , bouncing back from $926 to $975. Similar to the price trend of most digital currencies and alternative assets, Bitcoin price heavily fluctuated in value, mostly due to the unresolved issues surrounding Bitcoin scalability . Bitcoin price increased by $20 in the past 24 hours, reaching $995 on March 19. Bitcoin price stalls as community debates over solutions Cointelegraph previously reported that the downward trend of Bitcoin price is ultimately beneficial for the Bitcoin network and community. If Bitcoin price continues to climb up and reach new highs, it will exponentially increase transaction volume of Bitcoin. The Bitcoin network...

Full article: https://cointelegraph.com/news/bitcoin-price-declines-to-...

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