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A crypto rally came to a halt early in the morning in New York, when the major digital currencies collapsed, some currencies lost as much as 10% less than an hour, as a report on a shift of interest in the Goldman Sachs market investors baffled.
Bitcoin, the world's largest digital currency, fell by more than 5%, returning below $ 7,000 to an intraday low of $ 6,938.10. A single bitcoin
BTCUSD, -5.38%
changed the last hand to $ 6,990.35, down 5.1% from Tuesday at 5:00 am. Oriental on the Krypton Kryp exchange.
The move came after a Business Insider report, according to which Goldman Sachs
GS, + 0.11%
put their plans on hold to open a cryptocurrency trading desk, citing people familiar with the issue.
In an e-mail to MarketWatch, Goldman's spokesman, Michael DuVally, said: "At this point, we have not reached a conclusion on the scope of our digital resource offering."
In early May, the bank told New York Times that it would open a cryptocurrency trading desk to allow its customers to trade bitcoins as non-deliverable forward.
Read: People buy over 500% of property that does not exist
Ether stays on the back, with a decline of 10%
The struggles of Ether, the digital currency running the Ethereum network, he continues to follow other negative news, this time suggesting that Ether's miners could pay in other digital currencies.
"Vitalik agreed that the miners could pay in other currencies on ethereum, but he did not agree that the collapse of Ether was inevitable," said Mati Greenspan, an analyst at eToro senior market.
"A lot of people have taken the road out of context, it's just a mental experiment at this stage," said Greenspan.
Ether
ETHUSD, -11.01%
was trading at $ 256.98, down 9.8%, Bitcoin Cash
BCHUSD, -11.82%
fell 10.9% to $ 560.50, Litecoin
LTCUSD, -8.52%
was out of 8.5% to $ 62.19 and the Ripple XRP currency
XRPUSD, -10.29%
was trading at 30 cents, down 9.3%.
Bitcoin futures followed spot markets on Wednesday. The September contract of Cboe Global Markets Group Inc.
XBTU8, -5.17%
fell 4.7% to $ 7.005, while the CME Group Inc. contract in September
BTCU8, -5.17%
was trading 4.6% lower at $ 7.105.
Read: Did you forget the bitcoin? Here's what's going on
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