Bitcoin has fallen by more than $200 since our last price piece and is now trading for $7,502.
The price experienced a serious drop earlier this week, toppling from over $8,000 to the mid-$7,000 range - the lowest it has been since early April.
Authorities from the United States Justice Department are now beginning an investigation of illicit trading practices and price manipulations in both Bitcoin and altcoin arenas.
As a teacher of monetary policy and regulation, Griffin has studied price manipulation in the past, including manipulation in digital coin markets.
Ethereum has lost nearly $20 in price since our last article, dropping from $616 to $599. During the recent Ethereal Summit, Viant - an Ethereum-based platform backed by ConsenSys - used blockchain technology in a supply chain management project to help users track the source of their seafood in order to build a more "Ethical and human fishing industry."
Since our previous price discussion, Ripple remains largely unchanged and is trading for about 60 cents.
Bitcoin Cash also remains similar to our last price discussion and is trading for roughly $1,020.
"This lack of clarity has repeatedly called into question the authenticity of Bitcoin Cash. Until that is resolved, the direction of price movement will always carry an air of uncertainty."
Litecoin has fallen to $121. That's two dollars less than where it stood during our previous price article.
Investors are warned to stay privy to these price swings and trade only what they can afford to part with.
Price Watch: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin Starting to Recover
Published on May 25, 2018
by Cryptoslate | Published on Coinage
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