Bitcoin, other cryptocurrencies plunge after report on Goldman plans


Yu Chun Christopher Wong | S3studio | Getty Images

A visual representation of the digital Cryptocurrency, Bitcoin, is seen on September 04 2018 in Hong Kong, Hong Kong.

Bitcoin prices continued to get slammed early Thursday, following a report that Goldman Sachs was dropping its plans for opening a trading desk for cryptocurrencies.

The world’s largest digital currency fell to $6,381 or down 11 percent around 6:38 a.m. ET over the previous 24 hours, according to data from Coinbase.

Beyond bitcoin, the price of other cryptocurrencies also continued to plunge, according to tracking site CoinMarketCap. As of 6:38 a.m. ET, the price of ethereum had fallen by 15 percent in 24 hours, while Ripple’s XRP token had seen its value dive by 9 percent and bitcoin cash dropped by 16 percent during that time.

Digital currencies often move in tandem, pulled by the fortunes of bitcoin — which far exceeds its peers in terms of market size.

Source link

Products You May Like

Articles You May Like

Harry Potter movie Crimes of Grindelwald is most anticipated fall film
Huawei voice assistant to rival Amazon Alexa and Google outside China
Starbucks CEO on trade war, ‘playing the long game’ in China
How to decide if you should DIY home improvement projects
This stock has the greatest turnaround story of our era

Leave a Reply

Your email address will not be published. Required fields are marked *