Thursday, December 21, 2017

#Bitcoin is now below $14,000! Is this the crash, or is it the time to buy?

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The price of bitcoin is down more than 25% percent from the all-time high of nearly $20,000 reached this past weekend, market data shows.

Prices fell to as low as $14,502 during today's trading session, according to CoinDesk's Bitcoin Price Index (BPI), about 25 percent from the all-time high of $19,783 reported on Dec. 17.

Overall, bitcoin has seen several notable price drops following Sunday's gains, including a dip below $17,000 on Tuesday that accounted for a roughly $1,800 drop on the day. Indeed, analysts have suggested that the price could experience continued volatility as 2017 comes to a close and new money, brought in by bitcoin's meteoric gains, exits for fiat.

But, others may be testing the waters in alternative cryptocurrencies, as bitcoin is far from alone in having seen its price decline after recently hitting an all-time high.

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