CoinDesk Analysis Team
CoinDesk
The price of bitcoin dropped $40 from its opening value of $408.74 today to fall below $400. The decline comes one day after the price of bitcoin peaked at $492.40, passing $500 on select bitcoin exchanges and brokerages across the globe. ADVERTISEMENT
According to the CoinDesk USD Bitcoin Price Index (BPI), the digital currency declined 5% over the course of the day, reaching a press time total of $389.59.
Today's high of $447.25 was reached at 3:04 UTC.
CoinDesk's CNY Bitcoin Price Index showed more marked downtrends although the digital currency's value was slightly higher than the USD equivalent.
At the time of press, bitcoin was valued at ¥2,648.02 (approximately $417), a decrease of approximately 9.5% from today's opening at ¥2,932.14 ($462.09).
All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CoinDesk constitutes an investment recommendation, nor should any data or Content published by CoinDesk be relied upon for any investment activities. CoinDesk strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
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