2018-7-3 08:55 |
Last week, bitcoin skidded to its lowest level since November, under $6,000, which traders attributed to CME futures contracts expiring and overall lackluster interest from new buyers.
The world’s largest and first cryptocurrency has struggled from that lack of enthusiasm, and prices have dropped 52 percent since January, according to CoinDesk.
Still, bitcoin is up 145 percent since last July and saw roller coaster trading for the remainder of last year.
Litecoin has fallen 64 percent, while bitcoin cash is down 70 percent in the same time frame.
Pantera Capital founder and CEO Dan Morehead said in an April investor letter that bitcoin is “highly likely to have exceeded $20,000 within a year.”
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