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Bitcoin fell suddenly this morning, dragging the broader cryptocurrency market, including Ripple's XRP and ethereum–although tron, currently the eighth largest cryptocurrency by market capitalization, has jumped higher.
Bitcoin has returned to around $ 3,900, down about 5% in the last 24 hours, after rising sharply at the start of this week. Ripple (XRP) is down by just over 2%, while ethereum is down slightly more than 8%. Bitcoin money is at the top of the most important currencies, dropping by over 10%.
The bitcoin price has rebounded around $ 4000 for months, since it dropped from around $ 6,000 in November.Getty
It was not immediately clear what had triggered the sudden sale, although Bloomberg's newswire reported last night that it could be "making or breaking time for bitcoins."
According to Bloomberg analysisbitcoin is on the edge of an important move that could see it rise sharply higher, or the suddenly lower ditch.
"The fund is unlikely to be for bitcoin," Travis Kling, founder of the crypto hedge fund Ikigai, told Bloomberg. "I am certainly willing to change my mind, but the preponderance of the evidence leads us to believe that we will see lower before going higher."
The bitcoin price suddenly dropped the recent gains this morning.CoinDesk
In the meantime, bItcoin and cryptocurrency investors who resisted & nbsp;the so-called winter crypto& nbsp; they were somehow applauded by & nbsp;a positive start to 2019, with many eager to see major global stock exchanges that offer futures contracts with bitcoins and & nbsp;Bakkt's highly anticipated bitcoin platform.
Bitcoin's price fell nearly 80% from the peak of nearly $ 20,000 that hit in December 2017, although many of the biggest bitcoin advocates continue to talk about the long-term prospects of digital currencies.
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Bitcoin fell suddenly this morning, dragging the broader cryptocurrency market, including Ripple's XRP and ethereum–although tron, currently the eighth largest cryptocurrency by market capitalization, has jumped higher.
Bitcoin has returned to around $ 3,900, down about 5% in the last 24 hours, after rising sharply at the start of this week. Ripple (XRP) is down by just over 2%, while ethereum is down slightly more than 8%. Bitcoin money is at the top of the most important currencies, dropping by over 10%.
The bitcoin price has rebounded around $ 4000 for months, since it dropped from around $ 6,000 in November.Getty
It was not immediately clear what had triggered the sudden sale, although Bloomberg's newswire reported last night that it could be "making or breaking time for bitcoins".
According to Bloomberg's analysis, the bitcoin is on the edge of an important move that could see it rise significantly higher, or the suddenly lower ditch.
"The fund is unlikely to remain bitcoin," said Bloomberg Travis Kling, founder of the Ikigai crypt hedge fund. "I am certainly willing to change my mind, but the preponderance of the evidence leads us to believe that we will see lower before going higher".
The bitcoin price suddenly dropped the recent gains this morning.CoinDesk
In the meantime, bItcoin and cryptocurrency investors who resisted the so-called winter crypto they were somehow cheered up by a positive start to 2019, with many eager to see major global stock exchanges offering bitcoin and futures contracts Bakkt's highly anticipated bitcoin platform.
Bitcoin prices fell almost 80% from the peak of nearly $ 20,000 that hit in December 2017, although many of the biggest bitcoin advocates continue to talk about the long-term prospects of digital currencies.
