Bitcoin tumbles after dramatic gains in hectic day of trade

After a week of dramatic gains, bitcoin tumbles 20 percent in 10 hours In a hectic day on Thursday, bitcoin leapt from below $16, to $19, in less than an hour on the US-based GDAX, one of. Dec 08,  · In a hectic day on Thursday, bitcoin leapt from below $16, to $19, in less than an hour on the U.S.-based GDAX, one of the biggest exchanges globally, while it Author: By Jemima Kelly and Gertrude Chavez-Dreyfuss. After dramatic gains, bitcoin tumbles 20 percent in 10 hours In a hectic day on Thursday, bitcoin leapt from below $ CME and Nasdaq are preparing to launch Bitcoin trading instruments in.

Bitcoin tumbles after dramatic gains in hectic day of trade

Bitcoin tumbles after dramatic gains ahead of futures launch | Reuters - India News , Firstpost

On Thursday, Goldman Sachs Group Inc said it planned to clear bitcoin futures for some clients as the new contracts go live on exchanges in the coming days. As bitcoin slumped, other cryptocurrencies climbed. Ethereum the second-biggest, was up nearly 8 percent, according to trade website Coinmarketcap. For the week, bitcoin was still up almost a third.

Since the start of October, bitcoin has more than tripled in price. So far this year it has soared about 15 fold, stoking concerns that the bubble would burst in dramatic fashion. Its rapid rise has drawn in millions of new investors. So far this week, more than half a million new users have opened wallets with retail-focused bitcoin wallet provider Blockchain, the firm said, doubling the total number of users to 20 million since last year. By Metro 0. About the Author. For the week, bitcoin was still up almost a third.

Since the start of October, bitcoin has more than tripled in price - its strongest quarterly performance since And since the start of the year, it has increased by about 15 times in value - a rise that led to growing concerns the bubble would burst in dramatic fashion. The rise has drawn in millions of new investors. So far this week, more than half a million new users have opened wallets with retail-focused bitcoin wallet provider Blockchain, the firm said, doubling the total number of users to 20 million since last year.

Some market-watchers say the most recent lurch higher in bitcoin can be explained by the coming launch of bitcoin futures on major derivatives exchanges. Log in Keep me signed in. Get New Password. By Reuters. Leave Your Comment s.

Bitcoin tumbles after dramatic gains ahead of futures launch | Reuters Related Articles

LONDON/NEW YORK (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse. In a hectic day on Thursday, bitcoin leapt from below $16, to $19, in less than an hour on the U.S.-based GDAX, one of the biggest exchanges globally, while it was still. Bitcoin tumbles after dramatic gains ahead of futures launch. After dramatic gains, bitcoin tumbles 20% In a hectic day on Thursday, bitcoin leapt from below $16, to $19, in less than an hour on the U.S.-based GDAX, one of the biggest exchanges. Tags:Que es el trading bitcoin, Bitcoin profit platform, Cmc markets bitcoin trading, Interactive brokers btc futures, Active bitcoin trading

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