Why is Bitcoin Falling? July 2017

Bitcoin price fell yesterday, and also price of ethereum is going down. Bitcoin investors thinks that falling will be go on and both cryptocurrencies are poised to extend losses.

bitcoin falling

How much falling happened in Bitcoin?

US GDAX exchange tells us that Bitcoin/USD fell to $2,359, down $280 this week.

Bitcoin Goes Down after the Record

Bitcoin has edged its lowest point since reaching an all-time record high of $3000 achieved in this June. Some economy expert analysts: expect btc to surpass its all-time high but not before dipping below around 1850 - 1900 dollars.

Is the falling the end for Bitcoin?

Some bitcoin experts think that "a big hand" somebody took his money from cryptocurrency world in a huge amount like 15 billion dollars. According to them, this event can cause this falling.

Goldmanc Sachs: Sheba Jafari, the head of technical strategy at Goldman Sachs, wrote that 'there’s potential (Bitcoin) to extend as far as 3915$' but he warned that the current period of correction could see the digital currency fall to 1857 dollars.

Ethereum followed Bitcoin's Move

Ethereum followed bitcoin’s move, falling to 199 dollars, down 13%.


CurrencySell Price Performance
BTC to PHP 3221741.78 0.00 %
BTC to EUR 56497.97 0.00 %
BTC to INR 4807919.46 0.00 %
BTC to USD 64650.38 0.00 %
BTC to GBP 48196.86 0.00 %
BTC to AUD 88189.58 0.00 %
BTC to SEK 566544.21 0.00 %
BTC to SGD 87426.71 0.00 %
BTC to CAD 81136.23 0.00 %
BTC to MYR 268544.75 0.00 %

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Bitcoin and other exchange rates are updated each second. Intraday rates start at 00.00 (UTC timezone) and finish at 23.59. The detailed prices are calculated in that interval.
Last Update of Bitcoin Rates (UTC): December 8, 2022 - 18:35

About Bitcoin

Is it Money?

Bitcoin is an electronical money unit that it never can be print or visually visible. It is a digital currency money that you can buy and sell in Bitcoin Market. Bitcoin is a money unit but it is not printed, like the other moneys as dollar, euro or pound. Bitcoin is used electronically and no one take the control of it. In short, bitcoin is a digital currency. You can monitor realtime bitcoin prices at live bitcoin price.
It is a payment system based on digital currency.
Bitcoin Mechanism: Bitcoin works behind a new technology based on digital money. It works as a mobile app that you can send and receive data. Just like that, if you have a bitcoin wallet, you can send BTC and receive BTC both. It is a digital wallet that you may pay with your bitcoins when you get a service.
It works systematically with transactions as banks. Bitcoin network shares a public method (ledger: Block Chain).The chain contains all transaction processes which happened already. This ledger provides a permition to an user's computer to verify the validity of a transaction. Each transactions are protected by digital signatures corresponding to the "Sender Adress". The system provides that an user can control btc wallet to send bitcoins from his wallet.
Bitcoin Owners: No one controls the Bitcoin Network. It is a technology like cloud, emails, apps, etc. All bitcoin users control the network around the world. Bitcoin Market: Economy markets are not open for all day but bitcoin markets are open 24-hour in 7 days. Price of Bitcoin may change in each second. You can exchange your bitcoins in 24/7.

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