Bitcoin Retreats from Record High $3,000

Published on: 13 Jun, 2017

The cryptocurrency market is growing rapidly in the recent years. The overall market capitalization has already passed $100 billion to $113 billion. 

Bitcoin, one of the most popular digital currency, surged to above $3,000 for the first time on Sunday. But the digital currency suddenly dropped as much as 16 percent on Monday as two major bitcoin exchanges had problems. But it recovered later and was trading at $2,744.84 per coin on Tuesday. Bitcoin had already gain more than 150 percent year-to-day and had a market cap of near 45 billion.

The sudden drop in bitcoin raised investors concerns about the volatility of the cryptocurrency market.

Another digital currency Ethereum also increased a lot this year. The price of Ethereum was trading at $389 per coin, up more than 4700 percent year-to-date, according to the data from coinmarketcap.com. Ethereum is now is second-most popular cryptocurrency.

“While traditional financial markets were closed over the weekend, bullish trading from cryptocurrency traders from all over the world has seen both Bitcoin and Ether breaking new highs. Bitcoin breached the $3000 mark on Sunday evening while Ether breached the $300 mark earlier on Saturday. Price has been driven by Chinese exchanges releasing their moratorium on self-imposed withdrawals on top of bullish trading from both Japan and Korea” said Bobby Ong, Co-founder, CoinGecko.“Many new investors are hearing about both Bitcoin and Ethereum, and there is a big FOMO (fear of missing out) going around for many of these new investors.”

Ratings

Ratings
  • 1475Views
  • 37Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Danny Abramov

Email: danny@financialinsiders.com

@Newsletter

Sign Up for Weekly Updates

Related Posts

06 Jun, 2017 737
11 Jul, 2017 616
29 Sep, 2017 840
02 Oct, 2017 733

37 Comments

Dissertation Online

Feb 13, 2018 at 02 54 pm

essays persuasive essays application essays essays

REPLY (0)

Write College Essays

Feb 16, 2018 at 11 07 pm

essays essay writing points write essays for me essays

REPLY (0)

How To Writing Essay

Feb 20, 2018 at 10 05 am

essays essays essay on love essays

REPLY (0)

Custom Essays

Feb 25, 2018 at 11 52 pm

essay help academia scholarship essays essay writing skills essay online class good or bad

REPLY (0)

StewartGlath

Mar 08, 2018 at 05 03 pm

wh0cd439274 buy cipro online canada cheap lasix online Lisinopril prednisone levitra 20mg

REPLY (0)

CharlesDup

Mar 08, 2018 at 07 05 pm

wh0cd439274 neurontin pills colchicine canada

REPLY (0)

AaronAcazy

Mar 08, 2018 at 07 33 pm

wh0cd660444 levitra price pink viagra prednisolone hydrochlorothiazide 25mg

REPLY (0)

Kennethvon

Mar 08, 2018 at 07 33 pm

wh0cd660444 bentyl doxycycline online generic albendazole online tenormin clindamycin hcl 300 mg

REPLY (0)

Michaelles

Mar 08, 2018 at 08 04 pm

wh0cd660444 Alli Slimming Pills 600 mg motrin advair hfa cleocin gel without prescription generic brand for singulair motrin clomid Citalopram serpina Cleocin Gel Without Prescription prednisolone

REPLY (0)

CharlesDup

Mar 08, 2018 at 09 48 pm

wh0cd660444 atenolol 25mg clonidine hcl 0.2 mg buy viagra online triamterene erythromycin azithromycin 500 dosage online pharmacy where can i buy retin a cream indocin 50 mg tablets albuterol ipratropium

REPLY (0)

AaronAcazy

Mar 13, 2018 at 06 36 am

wh0cd660444 buy diclofenac amitriptyline 10mg anafranil weight loss

REPLY (0)

Michaelles

Mar 13, 2018 at 12 10 pm

wh0cd660444 alli on sale TORSEMIDE GENERIC zetia alli pill Cost Of Celebrex Generic Atomoxetine Serpina

REPLY (0)

CharlesDup

Mar 13, 2018 at 05 05 pm

wh0cd439274 cymbalta capsules Zoloft BUY SILDENAFIL CITRATE 100MG erythromycin

REPLY (0)

StewartGlath

Mar 17, 2018 at 04 49 pm

wh0cd439274 bupropion dapoxetine Colchicine vasotec iv

REPLY (0)

Michaelles

Mar 20, 2018 at 03 37 am

wh0cd660444 clomid infertility source additional reading serpina serpina Motrin home methyl prednisolone serpina without prescription alli

REPLY (0)

Kennethvon

Mar 20, 2018 at 06 24 am

wh0cd660444 sildenafil valtrex

REPLY (0)

CharlesDup

Mar 21, 2018 at 12 15 am

wh0cd660444 elimite trazodone toradol otc yasmin fluoxetine 30 mg rocaltrol online lotrisone

REPLY (0)

StewartGlath

Mar 22, 2018 at 09 20 am

wh0cd439274 propecia 1mg

REPLY (0)

CharlesDup

Mar 24, 2018 at 04 40 pm

wh0cd439274 order lasix 100mg atenolol 50mg ampicillin 500mg capsules Sildenafil Online Pharmacy ventolin inhaler

REPLY (0)

Michaelles

Mar 24, 2018 at 06 13 pm

wh0cd660444 prednisolone tablets buy tadalis sx cleocin t gel price serpina online 600 mg motrin

REPLY (0)

CharlesDup

Mar 25, 2018 at 10 04 pm

wh0cd660444 advair solu medrol citalopram 20mg tadalis sx cardura viagra trazodone where can i buy vermox medication online crestor

REPLY (0)

Bad Credit

Jun 30, 2018 at 08 08 pm

payday loans direct lender loan lenders loan lenders https://cashnow.cars - payday loans no credit checks

REPLY (0)

Kennethvon

Jul 01, 2018 at 11 17 am

wh0cd801164 viagra price canada

REPLY (0)

Kennethvon

Jul 03, 2018 at 07 10 pm

wh0cd801164 where can buy viagra

REPLY (0)

Payday Express

Jul 04, 2018 at 09 12 am

lender lender direct lender payday loans money lender

REPLY (0)

Kennethvon

Jul 06, 2018 at 06 39 am

wh0cd801164 discount generic viagra

REPLY (0)

Kennethvon

Jul 08, 2018 at 03 06 am

wh0cd801164 100mg viagra

REPLY (0)

Bad Credit

Jul 08, 2018 at 04 17 pm

direct lender installment loans direct lender payday loans lender sameday loans

REPLY (0)

Kennethvon

Jul 09, 2018 at 01 14 pm

wh0cd801164 your domain name

REPLY (0)

Kennethvon

Jul 10, 2018 at 09 22 pm

wh0cd801164 cialis

REPLY (0)

Kennethvon

Jul 13, 2018 at 02 44 pm

wh0cd801164 viagra chewable

REPLY (0)

Kennethvon

Jul 14, 2018 at 11 38 pm

wh0cd801164 Generic Mobic

REPLY (0)

Kennethvon

Jul 16, 2018 at 07 35 am

wh0cd801164 tadalafil

REPLY (0)

Payday Loan

Jul 24, 2018 at 08 13 pm

payday loan direct lender direct lender payday loans lender lender

REPLY (0)

Online Lenders

Jul 28, 2018 at 07 46 am

loans in ontario lender lender lender

REPLY (0)

Online Loans

Jul 29, 2018 at 04 43 am

payday lender personal loans online payday loans direct lender direct lender payday loans

REPLY (0)

Quick Loan

Aug 09, 2018 at 09 02 am

payday loans no credit checks payday loans direct lender max loan lender

REPLY (0)