![\"\"](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2019\/07\/Bitcoin-Graph.jpg\")
<\/a><\/p>\nBitcoin slumped, undoing some of this year\u2019s epic rally and amplifying a recent trend of outsized weekend moves.<\/p>\n
The price of the largest cryptocurrency fell 11% since Friday and traded at $10,901.43 as of 8:15 a.m. in Tokyo. It\u2019s still up about 200% since the start of the year.<\/p>\n
Other coins also dropped: Ethereum -4.2%, Ripple -5.1%.<\/p>\n
Optimism surrounding a potential increase in adoption of cryptocurrencies helped fuel price increases on Bitcoin at an accelerating rate last month.<\/p>\n
That took prices back to levels last seen at the start of 2018. The slide over the weekend is at odds with recent moves higher on Saturday and Sunday: surges in weekend activity since the start of May account for about 40% of Bitcoin\u2019s price gains this year, according to Bloomberg data.<\/p>\n
Bitcoin slumped, undoing some of this year\u2019s epic rally and amplifying a recent trend of outsized weekend moves.<\/p>\n","protected":false},"author":341034,"featured_media":249489,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[44696],"tags":[187],"class_list":["post-311933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitcoin"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/311933"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=311933"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/311933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/249489"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=311933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=311933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=311933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/a><\/p>\nNow read: Bitcoin wipes out mega gain<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"