MARKETS UPDATE : BITCOIN PRICE CONSOLIDATES AFTER LAST WEEK'S VOLATILITY
MARKETS UPDATE : BITCOIN PRICE CONSOLIDATES AFTER LAST WEEK'S VOLATILITY
The price of bitcoin has started to trend upwards on Saturday, September 23, after a slight dip in value 24-hours prior. Currently, the price per BTC is roughly $3,775 at press time after rebounding from yesterday’s low of $3,510.
Price Consolidates After Last Week’s Chinese Exchange Shakeout
The price of bitcoin has been swinging back and forth in value since our last market update report. Overall, bitcoin proponents seem optimistic about the price as China’s regulatory crackdown is slowly turning into a distant memory. After dipping below the $3K zone, the price managed to climb back to the $3,800-4,000 range throughout most of the week. On Friday, September 22, bitcoin’s price stability in that territory headed south – leading to a 5 percent loss in value and a few sub-$3,600 lows. After some consolidation over the past 12-hours, buyers have stepped back into the trading arena and pushed the price up to $3,798 during the early morning hours.
Congratulations @keg1010! You have received a personal award!
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - The results, the winners and the prizes
Congratulations @keg1010! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!