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 the Cboe Futures Exchange were also tepid, with prices