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Sept 15th Cryptocurrency News - Bitcoin Drops To $3,000

970 views · Published 15 September 2017 · 2:53 · Indexed 30 October 2026

Channel: NEWSBTC · 2017 · People & Blogs

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Bitcoin suffered another blow falling more than 20% over the past 24 hours, dropping to $3,000. So do you think this is a good time to buy or how far do you think it could drop over the next few days? Media reports regarding China continue to weigh heavily on the cryptocurrency world. Chinese bitcoin exchange BTCChina, announced yesterday that it would stop all trading from September 30th. Another exchange ViaBTC said in a statement on its website that it would cease registration, asset deposits and all trading pairs on September 25th. 

Almost all of the top 100 cryptocurrencies have experienced losses over the past few hours, except for  tether, gas, cloakcoin and pillar. Bitcoin fell under $4,000 on Wednesday. There were concerns last month regarding the August 1st split, and some expected it to fall after this event, but bitcoin continued to surge, hitting record highs and on the 2nd of September we even saw it climb over $5,000 on some exchanges, and just a few days later we saw it drop to $4,000, but it then managed to recover its losses and make its way back to over $4,600 on the 8th of September before starting its path of decline again. The US dollar has been experiencing some strong upside momentum on tax reform talks and renewed Fed rate hike expectations. Headline CPI was stronger than expected, increasing December’s tightening odds to nearly 50/50.  Ethereum has suffered a 21% drop over the past 24 hours. At the beginning of this week we saw it climb back over $300 before plummeting again and today it is around $215. Ripple, which is now in third place in terms of market cap fell by almost 15% of the past 24 hours. We see it continue to struggle this month and as you can last month it managed to climb a good bit higher. Bitcoin cash has fallen over 22%, slipping under $400 today. It surpassed $900 on August 19th. Litecoin has suffered a 30% drop in the past 24 hours, falling to $40 today, we saw it hit a record high of around $90 on September 2nd.

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