LONDON — The price of bitcoin is dipping on Tuesday morning,
after big gains over the last few days.
is down 1.28% against the dollar to $4,282.77 at the time of
writing (7.45 a.m. BST/2.45 a.m. ET).Markets
The dip follows several days or big gains and record gains.
Bitcoin broke through $4,000 a coin for the first time early
on Sunday morning, a new record high, and continued to rise
throughout Monday and early on Tuesday morning, peaking at
$4,339.79. Investors are likely taking some profit after the
Cash, the cryptocurrency that was split off from Bitcoin at
the start of the month, is also retrenching. Bitcoin Cash is down
1.32% against the dollar to $299.45 at the time of writing.
Ethereum, the other major cryptocurrency by market
capitalisation, is sliding too. Ethereum
is down 2.20% against the dollar to $292.51.
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