The world of Bitcoin is always filled with surprises, and every day presents new challenges. Just a few days ago, the Bitcoin price seemed to be surging towards US$800 for the time in years. But that upward trend took a turn for the worse a few days ago after the Bitfinex exchange suffered from unexpected downtime. That was only the beginning of this downward trend, though.
Over the past few days, the Bitcoin price continued its downward momentum. This is not due to a lack of trading volume, mind you, as China remains very bullish and bearish on trading the popular cryptocurrency. Over the past 24 hours, there has been nearly 2 million Bitcoin in trading volume to hit the CNY market alone.
http://themerkle.com/more-red-candles-push-bitcoin-price-down-further/
Topic: [2016-06-23] More Red Candles Push Bitcoin Price Down Further (Read 292 times)
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