Topic: [2014-08-15] Price of Bitcoin Falls to $500, Lowest Level Since May (Read 864 times)
This price drop has been really dissapointing for me. I was just about getting ready to actually buy something with my coins then this happened. Silly to spend the coins now and lose out on so much.
August 15, 2014, 03:21:05 AM
here comes another price drop. hope it doesn't sink. 
August 15, 2014, 03:16:06 AM
http://www.coindesk.com/price-bitcoin-falls-500-lowest-level-since-may/
The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) dropped below $500 today.
At 2.30pm UTC, the price had fallen nearly 9% to $496.27, its lowest level since 21st May, when concerns about restrictive regulation in China were widespread.
Notably, the decline below $500 was short lived, with the BPI quickly rebounding over the $500 mark to reach $512.26 at press time.
The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) dropped below $500 today.
At 2.30pm UTC, the price had fallen nearly 9% to $496.27, its lowest level since 21st May, when concerns about restrictive regulation in China were widespread.
Notably, the decline below $500 was short lived, with the BPI quickly rebounding over the $500 mark to reach $512.26 at press time.
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