Investing.com - <\/p>\n
Investing.com - Bitcoin prices fell sharply on Thursday to hit a more than one-week low, as corrective forces continued to take hold of the virtual currency market. <\/p>\n
Bitcoin (BTC\/USD) fell by as much as 7.2% to touch a session low of $351.80 on Slovenia-based BitStamp earlier in the day, the weakest level since November 9. <\/p>\n
Prices recovered to last trade at $358.31 during U.S. morning hours, down $18.98, or 5.03%. <\/p>\n
The price of a bitcoin on Bulgaria-based BTC-e slumped $15.65, or 4.19%, to trade at $357.40, while prices on Singapore-based itBit tumbled $22.88, or 6.01%, to trade at $357.58. <\/p>\n
According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency lost $20.23, or 5.36%, to trade at $357.01. <\/p>\n
Bitcoin prices have been under pressure in recent days, following a sizeable rally earlier in the month. <\/p>\n
Prices of the virtual currency rose by as much as 30% from a recent low of $317.80 on November 1 to touch a two-month peak of $453.92 on November 13, before losing almost 21% in the seven sessions since then. <\/p>\n
The U.S Marshals Service announced that it will auction 50,000 Bitcoins, worth nearly $19 million, seized in connection with online drug marketplace Silk Road 2.0. <\/p>\n
The auction is scheduled for December 4. <\/p>\n
<\/p>\n
Continued here: Investing.com - Investing.com - Bitcoin prices fell sharply on Thursday to hit a more than one-week low, as corrective forces continued to take hold of the virtual currency market. Bitcoin (BTC\/USD) fell by as much as 7.2% to touch a session low of $351.80 on Slovenia-based BitStamp earlier in the day, the weakest level since November 9. Prices recovered to last trade at $358.31 during U.S. Continue reading
\nBitcoin tumbles 6% to hit 1-week low as correction continues<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"