What Was Up (and Down) with the Price of Bitcoin This Week

The price of Bitcoin started the week at an all-time high, but a flurry of bad news dragged it down quickly - and took all of the other cryptocurrencies with it. The momentum of last week's rally was blunted by negative reports from two major Wall Street banks, Goldman Sachs and Morgan Stanley. But the main blow was struck by a maker of Bitcoin-mining hardware, Bitmain, which threatened to create a separate version of Bitcoin. And yet, despite it all, the Bitcoin price was rebounding by Friday. This week teaches a key lesson about investing in Bitcoin... Tags: bitcoin price To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post What Was Up (and Down) with the Price of Bitcoin This Week appeared first on Money Morning - We Make Investing Profitable .