Bitcoin sheds 5% as $9000 barrier holds ground

2018-02-13 10:20:05 GMT (Economies.com)
Bitcoin sheds 5% as $9000 barrier holds ground

Bitcoin slid 5% on Tuesday after the $9000 resistance held its ground, while traders remain quite cautious as they monitor the developments in the cryptocurrency market, especially after a recent EU warning of investing into cryptocurrencies. 

 

At Bitstamp, bitcoin fell $441, or 4.9% to $8450 from the opening of $8891, with an intraday high at $8952, and a low at $8409. 

 

Bitcoin jumped 10% on Monday, the first profit in three days, after marking a two-week high at $8900.

 

The market value of cryptocurrencies rose earlier this week to $458 billion, the highest since February 2, before sliding back to $422 on Tuesday, down $13. 

 

As cryptocurrencies recover en masse since last week, their market value hovered around $400, still half their record high of $830 hit last January. 

 

News report indicated that Beijing authorities are readying for a new bout of tightening regulations on cryptocurrency trading. 

 

Otherwise, European Union regulations warned that cryptocurrencies are unsuitable investments, describing them as extremely risky and volatile. 

 
 
 
  Symbol Last Change Chg.%
1.1471
-0.0051
0.4439%
1.2990
-0.0082
0.6292%
14.692
0.059
0.403%
69.065
-0.216
0.312%
79.31
-0.52
0.65%
1232.105
5.400
0.440%
 
 
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