The main factor for the price retreat was the Bitfinex exchange, as it took a hit from an unscheduled downtime. Take note how this is the biggest digital currency exchange in terms of US dollar trading volume, widespread worries quickly became evident as a result.
Based on the CoinDesk USD Bitcoin Price Index data, Bitcoin’s decline occurred just a day after it breached the $780 mark, soaring to a new 28-month peak. But while this may be perceived as a good sign for the cryptocurrency, investors have a different view.
http://www.fxpips.com/what-happened-bitcoin-crashes-below-700/
Topic: [2016-06-22] What Happened?! Bitcoin Crashes Below $700! (Read 371 times)
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