Bitcoin’s Roll‑The‑Dice Day: Down 13,496 USD
It was a chaotic first day of 2018 for the world’s favourite digital coin. Bitcoin skidded to $13,496, a noticeable dip from $14,156 on Sunday.
Record‑High Memories
Remember that crazy December last year when Bitcoin hit a record high of $19,511? 2022 felt like a dream, but the market’s lights are flashing that dream a bit subdued today.
Market Movements in Quick‑Hit Details
- At 3:55 PM New York time the price steadied at $13,440, down 6.1 % from Friday’s close.
- Futures markets saw an even sharper decline: Bitcoin futures fell 9.2 % early this morning.
- On the Cboe Global Markets (CBOE) platform, Bitcoin futures slid 8.6 % to reach $13,300.
2017: The Rollercoaster That Started It All
In 2017 Bitcoin didn’t start on a quiet ride. The first day of that year, the coin was already up 3.6 %, touching the $998 mark. By the year’s end, it was soaring, boasting an astronomical increase of over 1,300 %.
Other Currency Movements
While digital gold was raking in, the euro had its own moment in the spotlight. It climbed to a four‑month high against a relatively weaker dollar, beginning the year on a modest 0.3 % rise to $1.2046.
