Bitcoin ‘Hammered’ Banks Ban Purchases
- Mr. Bear Breathes on Cryptocurrencies
Bitcoin Hits $7,500 as UK’s Biggest Bank Bans Cryptocurrency Purchases on Credit
Currently, Bitcoin is trading at: 7,659.085, -284.92, or -3.59%, as of 1:22p GMT, the market is open.
Bitcoin prices tested 3-month lows Monday after Lloyds Banking Group, Britain’s biggest bank, said it would ban its 9-M customers from buying cryptocurrencies on its credit cards.
Bitcoin was marked at $7,506/each on the bitstamp exchange in Luxembourg, which feeds prices into the CME Group futures contract, down 8.14% from Sunday’s close and more than 60% from its all-time peak of $19,187 on 16 December 2017.
The corresponding declines in other digital coins, including ripple and ethereum, have taken the global cryptocurrency “market cap” to $400-B, about 50% of the value it commanded at its mid-December highs.
Have a terrific week.
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