In the past several hours, the bitcoin price slipped below the $4,000 mark from $4,035 to $3,934, recording a 1 percent drop against the U. S. dollar. Given the fact that it took nearly three weeks for bitcoin to break out of the $3,000 region and reach $4,000, the sudden drop in the price of bitcoin below the $4,000 level initially led traders to reconsider the near-term price trend of the dominant cryptocurrency.

However, as bitcoin fell, many alternative cryptocurrencies and major crypto assets, which have continuously demonstrated fairly large gains against bitcoin in recent weeks, maintained their value fairly well,

The post Newsflash: Bitcoin Price Stumbles Below $4,000; No Fret, A Swift Rebound is Coming appeared first on CCN

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