Bitcoin Down $100 as Price Seeks Support Above $4,000

The price of bitcoin was again down to start the day on Wednesday following its worst-performing day in weeks.

At press time, regular Bitcoin prices had been down just $120 across major exchanges, declining from an opening value of

($4,204 at 0:00 UTC to $4,080. The drop comes a day back the Bitcoin price dropped $178 in value on Tuesday, declining from $4,382 to $4,204), and in between, setting a brand new high that is all-time.

CoinDesk data reveals Tuesday had been the day that is worst for the Bitcoin price in over 20 days, as the near-$200 decrease ended up being the most observed since July 25.
A time when the system was facing uncertainty over a future software change.

The finding indicates that despite going over $4,000 amidst a wave of press mentions and interest that is new volatility could be ahead as the price attempts to maintain support at its brand new levels. The has already seen sub-$4,000 amounts, with the price hitting a low of $3,985 today day.

The price of bitcoin has seen three times of declines, but additionally, 5 days in which it rose by more than $200, accordin,g to BPI data over the last 10-days. Such volatility, however, is common amongst the asset class that is nascent.

Bitcoin's bath, for instance, also coincides with a fall in the value of all public cryptocurrencies, with the asset that is total now well worth $136 billion, down from $141 billion earlier this week, according to information from Coinmarketcap.

Money aeroplanes via Shutterstock

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