Bitcoin Has Followed A Downward Trend This Week

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Bitcoin pushed lower this week, experiencing modest declines. Shutterstock

Bitcoin has been following a downward trend over roughly the last week, bouncing back at some points but continuing to push lower.

The digital currency fell to as little as $6,133.31 on Wednesday at 16:30 UTC (12:30 EST), according to the CoinDesk Bitcoin Price Index, close to 20% below its price of $7,616.10 at the start of Saturday.

The cryptocurrency bounced back, rising to as much as $6,699.90 on Thursday, representing a 9.2% increase from the weekly low of close to $6,100 hit on Wednesday, additional BPI figures show.

 

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