2016/11/15 5:00 AM
The bitcoin price has dropped around $30 since our last report. Following the announcement that President-elect Donald Trump would be moving to the White House this coming January, a large rally caused stocks and bitcoin alike to rocket higher than anyone expected. But now it seems the digital currency is lagging behind. Things got particularly scary when the price fell below $700, only to stabilizate at the $704 mark at press time.
Also read: Bitcoin Price Watch: President Trump Starts Field Day for Traders
A few days ago, one source reported:
“So there we go. Another week pretty much complete, and it’s been a big one for many reasons. Trump is heading to the White House, the bitcoin price has made a series of fresh highs, and sentiment seems to be up. We’re expecting this sentiment to maintain throughout the weekend and into next week, so 800 is looking more like a possibility. Yes, we’ve got $80 or so to go before…