Community post
Bitcoin Triumphed
How About Bitcoin
If in 2017 the crypto currency triumphed with a fantastic rally rise, then not in the first quarter of 2018.
By 2017, bitcoin trends for example, have pushed the price up 1.375 percent. This year on the contrary, the price is swooping.
From January to March 2018, the movement of the crypto currency was extremely volatile, fueled by news flows and rapid changes in investor sentiment.
Citing the Wall Street Journal, bitcoin fell 49 percent in the first quarter of 2018, trading around 7,115 dollars.
This is the worst quarter for bitcoin since the third quarter of 2011, when bitcoin fell 68 percent and the second worst quarter since it began trading regularly in 2010.
Drived by bitcoin, other crypto currencies collapsed. Ethereum briefly reached 1,369 dollars on January 13, 2018 but ended up around 394 dollars at the close of trading Thursday, down 47 percent from the end of 2017 when it closed at $ 743.
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