During the conference in Hague, German Chancellor Angela Merkel said that the EU would find a backstop solution by October 31 (Brexit deadline).
Bitcoin goes down below $14,000, losing 30% from record high
On Friday, the cryptocurrency bitcoin headed south below $14,000 on the Bitstamp exchange, losing approximately 30% from its record maximum near $20,000 reached in the beginning of this trading week.
The cryptocurrency that was worth $1,000 in the beginning of 2017 had managed to soar to a record maximum of $19,666 on Sunday. Since that leap it has lost approximately a third of its value.
Bitcoin's success encouraged other cryptocurrencies and also spurred the profile of its counterparts, thus generating alternatives to bitcoin.
Currently a great deal of the capital is rushing from bitcoin into alternative coins. As a result, such companies as Ripple and Verge have gained more than 400% for the previous week.
Ripple and Verge appear to be among an array of cryptocurrencies, both emulating and taking on bitcoin.
By the way, on Tuesday, South Korea's Financial Supervisory Service told that it doesn’t consider bitcoin as well as other cryptocurrencies to be currencies at all.
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
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