The bitcoin price has managed to hold over the closely-watched $30,000 per bitcoin level, falling to lows of $31,160 on the Luxembourg-based Bitstamp exchange before clawing back some ground.
The bitcoin price was sent sharply lower over the last couple of days by fears over a fresh China …
The dogecoin price has lost 20% in the last 24 hours, compared to a 1% bitcoin price fall.
Elsewhere, ethereum rivals polkadot and solana and Ripple’s XRP payment token have all continued their descent after racking up triple-digit percentage gains in recent months.
The bitcoin price has lost some 20% from its value over the last week but has managed to stabalize …
“There are multiple reasons for near-term weakness, including fresh strength in the U.S.
“Having said that, we believe that there is not much downside for bitcoin in the short-term as we trade near the bottom end of the $30,000-$42,000 range.
I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself.