{"id":11782,"date":"2021-09-08T10:07:19","date_gmt":"2021-09-08T14:07:19","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=11782"},"modified":"2021-09-09T08:32:44","modified_gmt":"2021-09-09T12:32:44","slug":"cryptocurrency-prices-drop-bitcoin-falls-more-than-17","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/cryptocurrency-prices-drop-bitcoin-falls-more-than-17\/","title":{"rendered":"Cryptocurrency Prices Drop, Bitcoin Falls More Than 17%"},"content":{"rendered":"\n<p>Bitcoin fell more than 17% to $43,000 after a bumpy start to the introduction of bitcoin as legal tender in El Salvador.<\/p>\n\n\n\n<p>El Salvador&#8217;s introduction of bitcoin has been marked by a number of problems, including the government&#8217;s decision to unplug its crypto wallet, Chivo, after the app failed to cope with user registrations.<\/p>\n\n\n\n<p>Paired with several other problems, this led to a fall in the value of cryptocurrencies as trading was delayed on Tuesday.<\/p>\n\n\n\n<p>While bitcoin initially hit a session high of $52,948 before slipping to $43,000, it narrowed some losses and traded 9.20% lower at $47,140. Ether, the coin linked to ethereum&#8217;s blockchain network, also fell 11.99%.<\/p>\n\n\n\n<p>The drop in cryptocurrency prices also affected blockchain-related companies where known firms have posted losses.<\/p>\n\n\n\n<p>Coinbase shares slipped 4.02%, cryptocurrency miner Riot Blockchain fell 7.38%, Marathon Digital Holdings slipped 7.76% and shares of BTC buyer and business intelligence software company MicroStrategy fell 7.64%.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/technology\/cryptocurrencies-selloff-widens-bitcoin-down-nearly-4-ether-6-2021-09-07\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin fell more than 17% to $43,000 after a bumpy start to the introduction of bitcoin as legal tender in El Salvador.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[124],"class_list":["post-11782","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=11782"}],"version-history":[{"count":4,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11782\/revisions"}],"predecessor-version":[{"id":11826,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11782\/revisions\/11826"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=11782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=11782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=11782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}