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Bitcoin drops – $ 1,000



Bitcoin, the world's largest cryptic currency by market capitalization, has once again merged with a larger encryption market, selling its price over $ 1,000.

May 17, 2:00 UTC, Bitcoin (BTC) dropped by 16.7 percent to reach less than $ 7,000 for $ 6,600, which once again rose on high volatility, moving over $ 7,000, where it is Sitting for $ 7,300.

Within 24 hours, bitcoin market capitalization dropped by more than 10 billion in 24 hours. USD. However, the BTC remains positive over the 7-day period, up to $ 14 billion a week, with high volatility and market disagreement over its true price.

The reasons for the sale can be attributed to large sales orders that have eliminated many stops ̵

1; executes positions and based on common panic among traders.

In fact sales order on the Bitstamp Stock Exchange, eg 3,645 BTC or 26.8 million Bitstamp. USD $ 02.00 UTC May 17th and could have been one of the main reasons for falling below $ 7,000.

It's no secret that when bitcoin is engaged, the remaining cryptographic markets can also do CoinMarketCap's highest 100-day maximum daily prices, which have now dropped from 11 to 22%

] (ETH), bitcoin cash (BCH) and litecoin (LTC) suffered similar losses, lost 8 to 16, while the stars (XLM), XRP and cardano (ADA) were the worst hit by 10 market capitalization, decreased by 16.3%, 16.5% and 16.7% respectively

The total cryptographic market capitalization over the past 24 hours has also hit over $ 29 billion.

Disclosure : The author writes on writing day
Bitcoin Image via Shutterstock


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