Bitcoin price has sunk to a 30-day low, losing over $200 in a 24-hour period to hit a low of $938.73 on the Bitstamp Price Index (BPI).
The ongoing debate about a hardfork of the bitcoin blockchain that could see two separate networks with two separate assets has possibly triggered a bitcoin price spiral to levels unseen since February 9. At the time, price crashed to a low of $915 from trading levels above $1050 after two of China’s biggest bitcoin exchanges paused bitcoin withdrawals, a measure that still stands today.
At 15:45 UTC on Friday, BPI figures reveal the cryptocurrency trading at nearly $1,160. 24-hours later, bitcoin lost over 18% of its value, hitting a low of $948.73.
At the time of publishing, bitcoin is rebounding back toward the $1000 level, trading at $979.
As bitcoin falls, its closest competing crypto-token, ether, has now been surging for a week. Ethereum prices nearly scaled $60 yesterday.
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All time references are in Coordinated Universal Time (UTC).
Image from Shutterstock. Charts from Bitcoin Wisdom.