Unlike previous weekends, this one was all about losses, not gains for Bitcoin. After hitting all-time highs of exactly $42,000 on Bitstamp, a reversal came but was initially slow to kick in. It was not until Sunday that the downwards pace began to accelerate, with BTC/USD dropping by almost $6,000 in 12 hours. A brief bounce failed to stem the retreat, and the pair continued falling into Monday, bottoming out at $30,700.
Blockchain and Cryptocurrency: People, Culture and Tech