Bitcoin dipped back below $5,500 Wednesday as a three to six percent downturn hit the majority of cryptocurrency markets.
36 hours after Bitcoin Gold became the second fork of the Bitcoin network, Bitcoin prices came down from their $6,100 highs to hit a low of $5,479, according to data from Bitstamp.
$10 bln has also disappeared from Bitcoin’s market cap since hitting the highs, with market dominance remaining above 56 percent.
In line with current trends, mainstream media picked up on the downturn, with CNBC sounding the alarm about a Bitcoin low of $5,374 and a “plunge” in Bitcoin Gold of 66 percent since it began trading on Bitfinex.
Source
36 hours after Bitcoin Gold became the second fork of the Bitcoin network, Bitcoin prices came down from their $6,100 highs to hit a low of $5,479, according to data from Bitstamp.
$10 bln has also disappeared from Bitcoin’s market cap since hitting the highs, with market dominance remaining above 56 percent.
In line with current trends, mainstream media picked up on the downturn, with CNBC sounding the alarm about a Bitcoin low of $5,374 and a “plunge” in Bitcoin Gold of 66 percent since it began trading on Bitfinex.
Source
