28 Apr '16, 2am

Bitcoin Retreats Below $440 as Market Support Weakens

Bitcoin Retreats Below $440 as Market Support Weakens

Bitcoin prices dropped below $450 late yesterday and then continued to fall below $440 as of press time, breaking two key psychological levels in the span of hours. Bitcoin dipped below $450 at 21:00 UTC on 27th April, reaching $449.89, CoinDesk Bitcoin Price Index (BPI) figures show. The digital currency quickly mounted a recovery, passing $450 at 22:00 UTC and rising to $450.80. But, bitcoin failed to stay above $450 for long, falling to $449.89 at 22:30 UTC and dropping past $440 to reach $435.28 at 1:30 UTC. At the time of report, the digital currency was trading at $442.71. Still, the currency’s plunge below $450 and $440 on 27th April and 28th April, respectively, contrasted sharply with the steady climb it enjoyed earlier this week, when bitcoin prices surpassed several key levels amid the latest progress toward overcoming the blockchain’s inherent capacity challeng...

Full article: http://www.coindesk.com/price-bitcoin-retreats-440/

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