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

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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...

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The post What Was Up (and Down) with the Price of Bitcoin This Week appeared first on Money Morning - We Make Investing Profitable.


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