Bitcoin suffered losses of more than 12% over the past 24 hours after it reached a one month high.
On Wednesday we saw Bitcoin climb towards ,400 before starting a dramatic path of decline. Today we saw it drop below ,500.
Reports are circulating around that Goldman Sachs may not go ahead with plans to open a cryptocurrency trading desk. According to the Business Insider, the bank is changing its plans as there is still plenty of uncertainty surrounding cryptocurreny regulations. Instead, Goldman Sachs wants to offer a crypto product to serve its big institutional clients.
Bitcoin Diamond is the biggest loser out of the top 30 cryptocurrencies today suffering losses of more than 30% over the past 24 hours. Yesterday we saw it gain more than 200%.
As you can see from this chart, this is not the first time we have seen pump and dump style of activity coming from Bitcoin Diamond.
Now let’s take a quick look at some other news in the crypto world. Starting from tomorrow Friday the 7th of September Coinbase Pro will launch new british pound trading pairs.
Please remember this is news, not investment advice.
Bitcoin Tumbles, Goldman Sachs Changes Crypto Trading Plans – Sept 6th Cryptocurrency News