The bitcoin collapsed on Saturday to the weakest point in more than a month, in a third consecutive session with sharp swings lower. On some of the main exchanges, the benchmark cryptocurrency plunged to below $950. Prices ripped down under the lows reached on March 10, when the United States Security and Exchange Commission decided not to allow the establishment of the first bitcoin exchange-traded fund, an initiative by the Wiklewoss twins.
One coin was trading 6.76% down at $1,001.4 at OKCoin at 5:25 pm CET, after it cratered to $965.15, a level unseen since February 13. Compared to the yuan, the digital currency was 4.53% lower at 7,050.1 at the same time at BTCChina, after tumbling to 6,834.01. The bitcoin was buying €878.59 at Kraken at 4:43 pm CET, 11.37% in the hole for the day and the lowest since February 9.
[ 3/19/17 ] 00.13.00
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