logo

FX.co ★ BTC starts 2018 on a bearish note

BTC starts 2018 on a bearish note

BTC starts 2018 on a bearish note

It is the first time since 2015 that the bitcoin sagged right at the break of the year. On the first day of 2018 its rate on NYSE plunged to $13,624, Bloomberg informs. According to CoinDesk, which provides the most accurate bitcoin price based on an average from the world's top exchanges, BTC slid to $12,900 on January 1.


During the latest three trading sessions, the cryptocurrency lost nearly 5% of its value.

See also: Start Forex trading with a European level broker!


Let us get retrospective for a while. On January 1, 2017, bitcoin gained 3.6%; on the same date of 2016, it grew from $430 to $435; whereas from December 31 to January 1, 2015, the most popular cryptocurrency cheapened from $320 to $314.


Bloomberg says a strong start of 2017 was a turning point for bitcoin. It did make a splash attracting attention of investors and triggered a true frenzy. Just in a year the currency surged by more than 1,300% of its value, persistently posting new highs and hitting its all-time high at $20,000 on December 18 only to pare about 20% of its value 4 days later.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Open trading account