Published on March 6th, 2016 | by bitcoin0
After Network Hiccups Bitcoin Price Bearish
Bitcoin Breaking News Brief
Written by: Jamie Redman
2016/03/05 3:33 PM
The price of Bitcoin has been slowly dipping downwards since Wednesday, March 2nd and Monday’s spam attack fiasco.
The price had previously wavered within the USD $430-440 range up until late Tuesday after the network problems.
The Bitcoin Price Drops Below $400
On February 29th, 2016 the network had what some called a spam or fee attack which slowed trades down and left many unconfirmed transactions in the mempool.
However, the network hiccup had done very little to the price over the course of 24 hours as people may have been scared to transact.
At press time, the current price of one Bitcoin is $395 and has seen some resistance at this level moving downwards.