No Grexit – Bitcoin Price Tumbles

The Belgian Prime Minister Charles Michel broke the news that there will be no “Grexit” after 17 hours with hard negotiations with other European leaders and Greece’s Prime Minister Alexis Tsipras.

According to AFP, Alexis Tsipras, François Hollande, Angela Merkel, and the EU President Donald Tusk locked themselves in a meeting room for four hours to come to a final agreement. After the announcements on Twitter, we saw a massive bitcoin sell-off. The bitcoin price is still on its way down from its high yesterday of $317 per BTC and is now hovering around $280 per bitcoin (CET 09:45). Whether the bitcoin price will continue down, or bounce back up is hard to say. Our bitcoin analysis, posting later today, will look into new bitcoin buy / sell opportunities.

What do you think? Is this just a temporary blow back, or will the bitcoin price fall back to original lows around $230 per bitcoin? Leave your comment below.

View the live interactive bitcoin price chart here.

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