Just a week ago, as the price of one bitcoin surpassed $10,000 for the first time in more than a year, it appeared that the rise of the most popular cryptocurrency is unstoppable.
Each day, Bitcoin hit new highs, almost touching $14,000 on June 27 — and then the growth abruptly stopped and the price started going the other direction. Five days later, and one bitcoin dropped to $9,835, having fallen more than 10 percent in the last 24 hours according to CoinMarketCap. (During the couple of hours needed to write this text, the price recovered to $10,225.)
The prices of other popular cryptocurrencies followed suit. Ethereum is down to $282, a 4.5 percent decline in 24 hours, and XRP is down to $0.395, a 3.4 percent decline in that same period. Read more...
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