Bitcoin price updated at least below $ 11,000 on Bitfinex
Less than a week after reaching a peak above the $ 20,000 level, bitcoin dropped to the lows at which the last time him seen in early December. At some point, the cryptocurrency rate on Bitfinex reached marks $ 10,700, that is, down $ 9,000 from the high, fixed on that the same exchange. By the time of publication, the rate returned to $ 12,400.
Current fall lead Western exchanges: in the top three by volumes pairs bitcoin traded against the dollar USA. On Asian exchanges bitcoin is still more expensive, and the spread between them widened as American traders woke up and Korean traders went to bed.
The gap between Bitfinex, which owns the largest pair BTC/ USD, and Bithumb, the largest Korean exchange, is almost $ 3,600. It is worth noting that the spread narrowed by the time of publication, and shortly before of this it exceeded $ 4,200 or 37%.
Similar market dynamics after incredible takeoff bitcoin and other cryptocurrencies are not surprising. While no one could say for sure when the correction would come, traders familiar with market behavior understood that it not far away.
For most long-term investors a similar pullback is an natural course events, but recently in the segment cryptocurrencies many new traders came to whom yet not had to face such a bearish the market. Will they want they are stay after Togo, what did you see today is a big question.