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Bitcoin's Price Slides After Surpassing $1,800
Bitcoin prices slid this morning, a day after crossing the $1,800 mark according to the CoinDesk Bitcoin Price Index (BPI).
By Stan Higgins
Updated Sep 11, 2021, 1:19 p.m. Published May 12, 2017, 1:41 p.m. 1 min read
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Bitcoin prices slid this morning, a day after crossing the $1,800 mark according to the CoinDesk Bitcoin Price Index (BPI).
Markets slid to an average low of $1,717.42, BPI data shows, after opening at $1,807.37. The market taper comes after a blockbuster week for the digital currency's price.
The past few days have seen bitcoin shoot past $1,700 and then $1,800. Only a month ago, prices hovered around $1,200, according to data from the BPI.
At press time, the average price of bitcoin is roughly $1,754, representing a dip of about 2.9% from the opening but also a partial recovery from the day's low.
Other cryptocurrency markets have seen dips in the past day, including litecoin, which is down about 5% in the past 24-hours, according to data from CoinMarketCap.
Roller coaster image via Shutterstock
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What to know:
- U.S. stocks and oil rallied, with the S&P 500 logging a ninth straight weekly gain and Brent crude hovering near $92 a barrel on hopes for a U.S.-Iran ceasefire extension.
- Major cryptocurrencies lagged the macro rally, with bitcoin, ether and other large-cap tokens falling around 2% to 6% amid cooling...
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