The price of bitcoin dropped from $22,738 to below $21,12.34 at 4:00 p.m. et last friday. the largest digital coin in circulation again topped the $25,000 mark for the first time since june. the price of ether dropped from $1,808 to $1,728 at the same time before slowly recovering. by 4 pm et, it had dropped even more, to $1,683.90.
it’s possible that digital currencies are heading in the same direction as stocks. long positions on bitcoin perpetual futures markets may have been liquidated. bitcoin and ether both lost value on thursday, but ether has gained over 100% since mid-june as investors prepare for a major update to the ethereum network.
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