Bitcoin prices on Wednesday traded below $3,400, hanging around the lowest level since Jan. 29.
One bitcoin, BTCUSD, +0.06% the world’s largest digital currency, was changing hands at $3,364.70, down 1.7% since Tuesday at 5 p.m. Eastern Time on the Kraken crypto exchange. The cryptocurrency reached an intraday low at $3,341.60.
Read: Jack Dorsey says bitcoin is only cryptocurrency he owns, but he isn’t saying how muchWhat are analysts saying
“Bitcoin keeps muddling along near the lows. If dip buyers are waiting to buy the dip, they are not tempted by these prices,” wrote Jani Ziedins of the Cracked Market [...]
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Market data is provided by the HitBTC exchange.
Hackers stole 913 bitcoins from Canadian cryptocurrency exchange MapleChange. Though the exchange was small, repeated news of hacks are a major deterrent to the entry of institutional investors into the crypto industry. Responsible for managing large sums of money, traditional financial organizations are unwilling to take significant risks.
The holder of the bitcoin account had three-quarters of a million fewer followers when the account was reinstated, though the numbers are starting to come back. Accusations are flying about the temporary suspension of the wildly popular Bitcoin account on Twitter. The account holder, whose identity is unclear (though there are plenty of conspiracy theories), goes by the handle @bitcoin, and the controversy involves bitcoin (BTC), Bitcoin Cash (BCH) and the Lightning Network.
On Sunday, the @bitcoin account was banned with no public explanation. Some suggest it was in response to massive complaints on Twitter by bitcoin core supporters who weren’t happy about the account’s [...]