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After record high, Bitcoin slips to $16,300; futures volumes drop

The trading volume was huge yesterday as bitcoin price fluctuated in a wide range over the weekend, said Park Nok-sun, a cryptocurrency analyst


Virtual currency bitcoin dipped slightly from the previous session’s record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend. Bitcoin was quoted at $16,390 on the Luxembourg-based Bitstamp exchange, down half a percent or $80 from its previous close. The world’s biggest and best-known cryptocurrency hit a record high of $17,270 on Monday, registering a nearly twenty-fold increase in its price for the year as it drew in millions of new investors. The newly launched bitcoin futures on ...

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First Published: Tue, December 12 2017. 13:57 IST