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).
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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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
