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Bitcoin price LIVE: BTC suffers a sharp drop, losing $800 – is bitcoin crashing?


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Traders enter the mid-week to see a significant price drop in the cryptocurrency market. 

Bitcoin plunged by 8.81 percent to trade for $6,436.50, as of 12.30pm today. 

Ethereum is down 12.80 percent to trade for $226.44.

dropped 5.94 percent to go for $0.287837.

Litecoin lost 11.66 percent to go for $55.38.

The entire market saw an overnight drop in price, with a sharp fall coinciding with the news that Goldman Sachs is dropping its plans for a cryptocurrency trading desk.

12.45pm UPDATE: Cryptocurrency ATMs set to multiply in Greece

Cryptocurrency ATMs are set to become more popular in Greece following plans by a local company to install more of the machines. 

Cryptocurrency ATMs continue to become more popular, with units being installed in different countries on a regular basis.

According to the Greek Reporter, a local company wants to increase Greece’s total number of cryptocurrency ATMs. 

Stefanos Getsopoulos, a cryptocurrency entrepreneur, says his company has plans to install three Bitcoin ATMs in the northern part of the country.

When completed, this move will take Greece’s total cryptocurrency ATM count to five. 

According to Coinatmradar.com, there are four virtual currency ATMs in Athens, and one in the city of Thessaloniki.

Local media sources say other companies are looking to install more of such machines in the future.

12pm UPDATE: Goldman Sachs pulls plans to launch crypto trading desk – prices plummet in response

Bitcoin prices continued to get slammed early Thursday, following a report that Goldman Sachs was dropping its plans for opening a trading desk for cryptocurrencies.

The world’s largest digital currency fell to $6,381 or down 11 percent around 6:38 a.m. ET over the previous 24 hours, according to data from Coinbase.

Beyond bitcoin, the price of other cryptocurrencies also continued to plunge, according to tracking site CoinMarketCap. 

As of 6:38 a.m. ET, the price of ethereum had fallen by 15 percent in 24 hours, while Ripple’s XRP token had seen its value dive by 9 percent and bitcoin cash dropped by 16 percent during that time.

Digital currencies often move in tandem, pulled by the fortunes of bitcoin — which far exceeds its peers in terms of market size.



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