{"id":265930,"date":"2017-05-29T17:42:50","date_gmt":"2017-05-29T21:42:50","guid":{"rendered":"https:\/\/www.rael.org\/?p=265930"},"modified":"2020-11-16T14:47:47","modified_gmt":"2020-11-16T19:47:47","slug":"bitcoin-sees-4bn-in-value-wiped-out-as-price-of-cryptocurrency-falls-20","status":"publish","type":"post","link":"https:\/\/noproxy.rael.org\/fr\/bitcoin-sees-4bn-in-value-wiped-out-as-price-of-cryptocurrency-falls-20\/","title":{"rendered":"Bitcoin sees $4bn in value wiped out as price of cryptocurrency falls 20%"},"content":{"rendered":"
RAEL\u2019S COMMENT:<\/strong><\/span><\/h5>\n
Everything going up must go down.<\/strong><\/span><\/h5>\n

 <\/p>\n

<\/p>\n

The price of the world’s most popular cryptocurrency bitcoin has lost over a fifth of its value from the record high of last week.<\/p>\n

On Monday, bitcoin was trading at $2,179, down $612 from last Wednesday’s all-time high of $2,791, according to CoinDesk data.<\/p>\n

“The correction was actually quite brief, the prices today are still higher than that of a week ago,”\u00a0Bobby Lee, CEO of BTCC, a major bitcoin exchange, told CNBC.<\/p>\n

“I think the pullback was just a profit taking, a correction from the skyrocketing prices of last week,”\u00a0he added.<\/p>\n

Bitcoin’s market cap fell from $40.49 billion on Thursday to $36.48 billion.<\/p>\n

Analysts’ forecasts for bitcoin differ significantly. While some predict a major correction, others say it’s going to hit $6,000.<\/p>\n

“There is a lot of fresh liquidity flowing into bitcoin, thanks to a surge in interest among investors in Asia, notably Japan and Korea, coupled with a resolution to the scaling debate. I would not be surprised to see the bitcoin price doubling again to around $6,000 by the end of the year,”\u00a0Aurelien Menant, CEO of Gatecoin, a regulated cryptocurrency exchange, told CNBC.<\/p>\n

The value of bitcoin has been on a meteoric rise since the cryptocurrency was launched seven years ago. An investment of $100 in bitcoin in May 2010 is worth over $73 million today.<\/p>\n

Bitcoin is a digital currency, created and held electronically. No one controls it. Bitcoins aren\u2019t printed, like dollars or euros, and they are decentralized. The cryptocurrency is \u2018mined,’ using computing power in a distributed network.<\/p>\n

https:\/\/www.rt.com\/business\/390075-bitcoin-price-fall-market\/<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

RAEL\u2019S COMMENT: Everything going up must go down.  <\/p>\n","protected":false},"author":71,"featured_media":283957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-265930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/noproxy.rael.org\/fr\/wp-json\/wp\/v2\/posts\/265930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noproxy.rael.org\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noproxy.rael.org\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noproxy.rael.org\/fr\/wp-json\/wp\/v2\/users\/71"}],"replies":[{"embeddable":true,"href":"https:\/\/noproxy.rael.org\/fr\/wp-json\/wp\/v2\/comments?post=265930"}],"version-history":[{"count":0,"href":"https:\/\/noproxy.rael.org\/fr\/wp-json\/wp\/v2\/posts\/265930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noproxy.rael.org\/fr\/wp-json\/wp\/v2\/media\/283957"}],"wp:attachment":[{"href":"https:\/\/noproxy.rael.org\/fr\/wp-json\/wp\/v2\/media?parent=265930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noproxy.rael.org\/fr\/wp-json\/wp\/v2\/categories?post=265930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noproxy.rael.org\/fr\/wp-json\/wp\/v2\/tags?post=265930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}