Bitcoin's Price Slides After Surpassing $1,800

NEWS
Stan Higgins
May 12, 2017 at 14:41 UTC  |  Updated  May 12, 2017 at 14:44 UTC

Bitcoin prices slid this morning, a day after crossing the $1,800 mark according to the CoinDesk Bitcoin Price Index (BPI).

Markets slid to an average low of $1,717.42, BPI data shows, after opening at $1,807.37. The market taper comes after a blockbuster week for the digital currency's price.

The past few days have seen bitcoin shoot past $1,700 and then $1,800. Only a month ago, prices hovered around $1,200, according to data from the BPI.

At press time, the average price of bitcoin is roughly $1,754, representing a dip of about 2.9% from the opening but also a partial recovery from the day's low.

Other cryptocurrency markets have seen dips in the past day, including litecoin, which is down about 5% in the past 24-hours, according to data from CoinMarketCap.

Roller coaster image via Shutterstock

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