Hints and tips:
...“If there isn’t trading volume there is no money . . . it looks like it is going to be tough for quite some time,” said Julian Sawyer, former chief executive of crypto trading venue Bitstamp....
...Founded in 2011, Luxembourg-based Bitstamp is the largest crypto trading platform in the EU by trading volume, with more than 1m active users....
...The cryptocurrency was fetching $9,950 at pixel time on Bitstamp, one of the major trading venues. Its price had been as low as $9,731 earlier in the session....
...The digital currency has come under intense pressure this year, crashing 60 per cent from the high it struck in mid-December, according to Reuters data tracking the Bitstamp trading venue....
...The price of bitcoin has surged in almost 40 per cent for the month to date, hitting a high of $17,428 on the Luxembourg-based Bitstamp exchange on Tuesday....
...This week’s sell-off has sent bitcoin swooning from $11,100 to $8,741, according to Reuters data tracking the bitstamp trading venue....
...“Bitstamp is handling the incident well,” Mr Andresen says, by being transparent and explaining to customers what happened....
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