{"id":56987,"date":"2018-01-08T18:45:50","date_gmt":"2018-01-08T18:45:50","guid":{"rendered":"http:\/\/www.bnreport.com\/bad-day-for-bitcoin-as-it-falls-below-15000-as-ripple-dives\/"},"modified":"2018-01-08T18:45:52","modified_gmt":"2018-01-08T18:45:52","slug":"bad-day-for-bitcoin-as-it-falls-below-15000-as-ripple-dives","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/bad-day-for-bitcoin-as-it-falls-below-15000-as-ripple-dives\/","title":{"rendered":"Bad day for bitcoin as it falls below $15,000 \u2013 as Ripple dives"},"content":{"rendered":"

What a difference a month makes. Having touched $20,000 in December, today bitcoin fell below $15,000 again, as fellow cryptocurrency Ripple lost a third of its value.<\/p>\n

Bitcoin's almost 10 per cent fall, to just over $14,800, came a week before the first bitcoin futures were due to expire.<\/p>\n

In December the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME) both launched bitcoin futures contracts, causing the price to surge as high as $20,000 just before Christmas. <\/p>\n

However, with the first contracts set to expire on 17 January, investors are expected to suffer heavy losses<\/a>. <\/p>\n

But despite the falls, Naeem Aslam, chief market analyst at Think Markets, suggested the launch of futures contracts may have had a stabilising effect on bitcoin. <\/p>\n

"If you really think that bitcoin is nothing but a sham concept or a big bubble, then we should have seen massive short bets by now," he said.<\/p>\n

"Either traders are actually scared to short bitcoin because of its popularity and its volatility or they are waiting on the sidelines.<\/p>\n

"Since the launch of the bitcoin futures on the CBOE and the CME exchanges, one thing which we have not witnessed is the string of record highs for bitcoin."<\/p>\n

Meanwhile Ripple, the cryptocurrency whose value has grown 35,000 per cent in the past year<\/a>, crashed 29 per cent on the back of bitcoin's fall, dropping as low as $2.48.<\/p>\n

Read more<\/strong>: What is Ripple? The cryptocurrency growing faster than bitcoin explained<\/a><\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

[contf]
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CityAM<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

What a difference a month makes. Having touched $20,000 in D..<\/p>\n","protected":false},"author":1,"featured_media":56988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-56987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nBad day for bitcoin as it falls below $15,000 \u2013 as Ripple dives - Business News Report<\/title>\n<meta name=\"description\" content=\"What a difference a month makes. 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