Economic news

Bitcoin hits fresh 13-month trough

Bitcoin BTCUSD dipped to a fresh 13-month weak point on Monday, with the world's most popular cryptocurrency scaling $5173.23 on the Bitstamp platform.

Bitcoin and other digital currencies including ethereum and XRP, suffered a big sell-off last week amid speculation that a “hard fork” in bitcoin cash could affect other coins.

Investors are afraid of further losses in value. Some consider that the recent fall restrains bitcoin's possible rebound this year. Still, a number of analysts are keeping optimistic forecasts as the slide is opportunity for more investors to rush in.


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree