Bitcoin Falls To Start New Year Of Volatility For Cryptocurrencies

Bitcoin fell to start 2018 as big price swings look set to continue for cryptocurrencies and blockchain-related stocks.

[ibd-display-video id=3017249 width=50 float=left autostart=true] Bitcoin spot prices sank 4.5% to 13,232.82, according to CoinDesk . Spot Bitcoin fell below $12,200 intraday Saturday and rebounded on Sunday. CME Group ( CME ) and Cboe Global Markets ( CBOE ) Bitcoin futures were not yet active. CME futures closed Friday at $14,570 while Cboe futures ended at $14,470.

Bitcoin started 2017 below $1,000 and didn't top $10,000 until December.

Ripple, Bitcoin Cash and Litecoin all fell, according to CoinMarketCap . Ethereum rose modestly but it's now the third largest cryptocurrency after Ripple surged 20,000% in 2017 .

IBD'S TAKE:Are Bitcoin, Ethereum and other digital currencies real investments or a speculator's game? Individual investors should be extremely cautious about diving into this new area. Read this feature about Bitcoin risks and possible gains first.

Among blockchain and cryptocurrency plays, Riot Blockchain ( RIOT ) rose 110% in December. Long Blockchain ( LTEA ), which changed its name from Long Island Iced Tea in late December, leapt 131% for the month. Bitcoin Investment Trust ( GBTC ) swelled 32.5% that month.

Riot Blockchain, Long Blockchain and Bitcoin Investment Trust all ended 2017 off their intraday highs set during the month.

YOU MIGHT ALSO BE INTERESTED IN:

Bitcoin In 2018: Can Futures, Mainstream Investors Tame The Hysteria?

Bitcoin And Cryptocurrency News And Trends

Artificial Intelligence Software To Grow Nearly 30 Times By 2025

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Read Again Bitcoin Falls To Start New Year Of Volatility For Cryptocurrencies : http://ift.tt/2zYx29K

Let's block ads! (Why?)