Bitcoin drops below $ 10,000, Ethereum evaporates 30% in value

in #bitcoin7 years ago

Bitcoin fell to $ 9,969 on the Coinbase before settling back above $ 11,000 at 11 pm.

Other large virtual currencies also fell sharply. Ethereal copper fell 30%, below $ 1,000, copper rips also fell 46%, down below $ 1.

About 11h night on January 16 in Vietnam, the Etherum has returned to the price of $ 1,000. Earlier in less than half an hour, the currency traded on Coinbase for nearly $ 964, or 26 percent down in the past 24 hours. The afternoon before, Ethereum also fell to $ 854.

Coinbase is the leading US trading platform for Bitcoin, Ethereum, Litecoin and Bitcoin cash.

Previously, large virtual currency on the market also witnessed a sharp drop, as information from South Korean officials said it would tighten rules on virtual currency transactions. However, there is no specific explanation for the cause of yesterday's decline.

Bitcoins are trading at almost half the peak of nearly $ 20,000 set in mid-December. However, the dollar has risen more than 1,100% in the past 12 months, according to Coinbase data.

Meanwhile, on CoinMarketCap.com, the largest virtual forex market fell in price, falling from 17 to 31 percent in 24 hours. The strongest drop was the NEM sliding 31% to $ 0.9.

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