29 May '17, 2pm

Bitcoin sees $4bn in value wiped out as price of cryptocurrency falls 20%

Bitcoin sees $4bn in value wiped out as price of cryptocurrency falls 20%

Home Business Bitcoin sees $4bn in value wiped out as price of cryptocurrency falls 20% Published time: 29 May, 2017 14:37 Edited time: 29 May, 2017 14:47 Get short URL © Jens Kalaene / DPA / Global Look Press The price of the world's most popular cryptocurrency bitcoin has lost over a fifth of its value from the record high of last week. Read more Bitcoin could crash and lose half its value & correction may be imminent – analyst On Monday, bitcoin was trading at $2,179, down $612 from last Wednesday's all-time high of $2,791, according to CoinDesk data. "The correction was actually quite brief, the prices today are still higher than that of a week ago," Bobby Lee, CEO of BTCC, a major bitcoin exchange, told CNBC. "I think the pullback was just a profit taking, a correction from the skyrocketing prices of last week," he added. Bitcoin's market cap fell from $40.49 billion ...

Full article: https://www.rt.com/business/390075-bitcoin-price-fall-mar...

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Bitcoin correction sees nearly $4 billion wiped off value of the cryptocurrency as price falls 19% #cnbc

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