Following a full week of massive price gains and two all-times highs, $4,483 on August 15, and $4,520 on August 17, bitcoin trading prices have now pulled back toward $4,000.
At the open of the session at $4,159, trading price across global exchanges peaked at $4,406 and have since steadily dropped and at the time this was written had recovered sightly to $4,112. The low for this session was $4,040, according to CoinDesk’s running Price Index.
Bitcoin’s market capitalisation now sits at just over $67 billion, a little down from $73 billion two days ago, according to data from CoinMarketCap.
While the price news isn’t amazingly positive for holders of bitcoin, bitcoin cash, the new cryptocurrency created through a fork of the bitcoin blockchain back on August 1st has seen prices shoot to a new record high of over $900.
Ethereum, the second largest cryptocurrency in circulation is trading steadilu with prices currently around $293. The combined market value of all cryptocurrencies has dipped to $141 billion from its all-time high of $144.7 billion a few days back on August 17.