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      "body": "Congratulations @thomasbonin! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@thomasbonin/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@thomasbonin) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=thomasbonin)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "Interesting \n\r I will follow you to see your future posts!  +upvote",
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      "body": "Great read! Bitcoin is a constant emotional roller coaster for me. Bitcoin to the moon!",
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      "body": "![](https://steemitimages.com/DQmcnnYkJZyWqN5jkHD657SszuZHKpHUZJrfYq2y4T8APD3/image.png)\n\nIt has been a rather eventful day for the Bitcoin price, even though it is still early. A few hours ago, the Bitcoin price set a new all-time high of $7,367.85. A magnificent value, to say the very least, but it seems maintaining this point will be a lot more difficult than most people anticipate. In fact, the price has dropped by nearly $500 since reaching that point.\n\nBITCOIN PRICE ALL-TIME HIGH AND SUBSEQUENT DIP\n\nPeople who are new to the world of cryptocurrency world may be shocked to see the Bitcoin price drop so sharply after a new all-time high. Experienced veterans of Bitcoin trading will know this is pretty common, especially during times of major gains. The past 24 hours have been pretty significant for the Bitcoin price, to say the very least. It doesn’t happen all that often we see such a powerful wave of ups and downs in quick succession.\n\nTo be more specific, we started off the day with a  Bitcoin price of $6,590. Over the course of the past few hours, this value rose spectacularly all the way to $7,341.84. This massive Bitcoin price gain can’t go on without any form of correction, which is to be expected. Then again, the sharp $450 dip wasn’t exactly what most people had planned either. Speculators will be quite pleased with such a dip, as it allows them to sell high and buy back in lower.\n\nWhile Bitcoin price corrections happen all the time, this is a pretty big setback. In fact, one could argue the new all-time high Bitcoin price has been rejected, for the time being. As of right now, one Bitcoin is valued at $6,864, which is quite a long way from the recent all-time high. Then again, it was to be expected something like this would happen, thanks to profit taking, speculation, and people simply manipulating the price to make it suit their needs.\n\n![](https://steemitimages.com/DQmY8ZN6i5rK9a2KKoc9J55n6zrzvgty53Cjasg9WH2D4EM/image.png)\n\nWith the massively inflated Bitcoin trading volume, it will be interesting to see what the future holds. Overall, the Bitcoin price is still up by 4.52% over the past 24 hours, even though this percentage should be much higher. Over $4bn worth of Bitcoin has changed hands over the past 24 hours, which represents nearly half of all cryptocurrency trading volume during this period. Moreover, the Bitcoin Dominance Index is back above 61%,  which is pretty significant.\n\nBitfinex is still the largest exchange by Bitcoin trading volume, although Bithumb is separating itself from the rest of the pack as well. bitFlyer completes the top three, and we have five fiat currency markets in the top 5 of exchanged ranked by volume. Pretty solid for Bitcoin as a whole, to say the very least. Whether or not this means we will see the Bitcoin price return to $7,000 soon, is a different matter entirely, though.\n\nAll things considered, it is important to remember the Bitcoin price reached a new all-time high again without too many issues.Maintaining that value is too difficult for now, although it seems like there will be a second attempt at successfully stabilizing above $7,000. For the time being, there will be some sell pressure to contend with, as a lot of people will cash out at the first sign of a retrace.",
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      "title": "Bitcoin Maintains $6,150 Level After Setting New All-Time High",
      "body": "![](https://steemitimages.com/DQmR7j3SSF9tg49Br6wZoqwc2Qf7y196bALj3aWPmjCpPpo/image.png)\n\nBITCOIN PRICE CONTINUES TO IMPRESS\n\nA lot of people have been wondering whether the Bitcoin price would reach a new all-time high after the previous one. Over the past few weeks, that seemed highly unlikely. Thankfully, things have picked up where they left off, resulting in even more Bitcoin price gains over the past few hours. The rise to a new all-time high has been pretty spectacular, to say the least. As of right now, the all-time high for Bitcoin is US$6,255, which is a more than respectable value for the world’s leading cryptocurrency.\n\nTo put this into perspective, the Bitcoin price rose from US$5,786 only 24 hours ago all the way to its new high mark over the course of just a few hours. Ever since then, we have seen a brief correction, which is to be expected. There is plenty of profit-taking going on, as no one can say no to an easy US$500 profit when the opportunity presents itself. Although some speculators would have expected a massive sell-off, that has not yet happened.\n\nAt the time of writing, the Bitcoin price is still hovering around the US$6,150 mark, which is pretty solid considering the context. In most cases, one would expect to see a significant retracement from the previous high, but the price difference is only US$85 right now. All things considered, the upward momentum is still intact for Bitcoin, although reaching US$6,500 or more may not necessarily happen this year.\n\n![](https://steemitimages.com/DQmPFREuhB8e6HvwBhS9BwMsFxSJwKEpmf8Aqv3pZGESjRF/image.png)\n\nNo one will be surprised to learn that the Bitcoin trading volume has picked up as well. More specifically, with nearly US$2.6 billion worth of Bitcoin changing hands over the past 24 hours, the demand for Bitcoin is certainly there. This volume excludes peer-to-peer and decentralized exchange platforms, however, so the global Bitcoin trading volume is a lot higher than what CoinMarketCap reports. Then again, this number is still quite spectacular.\n\nAs of right now, Bitfinex still leads all other exchanges in regards to trading volume. Its US$401.6 million worth of volume is pretty significant, to say the least. Bithumb and bitFlyer complete the top three for now. It is also worth mentioning that there are five exchanges generating over US$100 million in 24-hour volume, which is rather interesting to take note of. Japan is the only country where Bitcoin is still valued below US$6,100 right now, although that situation may change soon.\n\nIt will be interesting to see how the Bitcoin price evolves in the coming hours and days. The SegWit2x hard fork gets closer every day, and it remains to be seen whether or not that fork will detract value from Bitcoin in the future, although it seems likely that will be the case. All things considered, the current Bitcoin trend is pretty solid, although there are no guarantees in the world of cryptocurrency.",
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      "body": "Congratulations @thomasbonin! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/comments.png)](http://steemitboard.com/@thomasbonin) Award for the number of comments\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttp://www.bitcoininsider.org/article/5457/bitcoin-price-drops-400-after-almost-surpassing-5000",
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      "permlink": "bitcoin-price-falls-by-usd400-after-nearly-surpassing-usd5000",
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      "body": "![](https://steemitimages.com/DQmRHmfLjPoJB6SwbfxRf94ZoGM37sxQYsYAJZfY4dpsPwi/image.png)\nCryptocurrency markets are often quite boring over the weekend. In most cases, we see markets trading sideways for two days with no real volume to speak of. This weekend is already shaping up to be quite different, to say the least. Although a major Bitcoin price dip was not necessarily what most people were hoping for, it is what we have been dealt for now. This has affected all of the other major cryptocurrencies, with the exceptions of Litecoin and Ethereum Classic.\n\n_**BITCOIN PRICE GOES DEEP RED AS MARKETS PUSH BACK**_\n\nIt had to be said that the recent Bitcoin price growth would ultimately result in a pushback of sorts. With a gain of around US$500 in about a week, reaching US$5,000 per Bitcoin would have been a very realistic target. Sadly, the markets have decided otherwise and the Bitcoin price is undergoing a very sharp correction right now. With the price having dropped back to around US$4,600 and not stabilizing just yet, it is unclear what the remainder of the weekend will bring.\n\nUnfortunately, the latest Bitcoin price correction was to be expected somewhat. We saw a similar correction around three months ago after a major bull run. History is certainly repeating itself in this regard as we speak. Moreover, one cannot legitimately expect a US$5,000 price point without some people purposefully triggering sell orders. There are also some speculators who opened a short position at this particular price point for obvious reasons.\n\n\n\nThe trading volume for Bitcoin is not going down, though, which is a positive sign for the time being. With nearly US$3 billion in 24-hour volume, it is evident the Bitcoin price is triggering a frenzy of activity right now. Although the charts indicate most of these trades are sales right now, there will always be people looking to buy the dips. After all, one solid piece of advice in the Bitcoin world is to buy the bleeping dip whenever possible, although one has to keep in mind corrections like these will be part of the process. Looking at the bigger picture, the Bitcoin price is doing just fine, though.\n\nRight now, Bitfinex is leading the charts based on trading volume, followed by Poloniex and GDAX. It also appears Bitfinex has been pushing the price down a bit more compared to other exchanges, as there is a near-US$70 gap between the prices on Bitfinex and GDAX, for example. Now is not the most attractive arbitrage opportunity, though it certainly has a lot of merit. People looking to exploit this gap can gain a lot of money pretty quickly, assuming they can move their bitcoins across fast enough.\n\nWhat is somewhat surprising is how the Asian exchanges are sliding down the rankings as we speak. In most cases, we would see a Korean, Chinese, or Japanese exchange in the top three in terms of trading volume. That isn’t the case right now, although bitFlyer comes in at number 5. The rest of the Asian exchanges are somewhere between 7th and 11th, which is a bit surprising. Then again, given the weekend trends we often see in the cryptocurrency world, these rankings often look very different compared to weekdays.\n\nIt does not appear the Bitcoin price will get a major nudge from the Asian exchanges this weekend. That doesn’t mean the BTC value won’t go up in the coming hours, as there are plenty of other exchanges which can push the price up given enough volume. Where that volume will come from and how much it will affect the Bitcoin price remains to be determined, though. For now, the bearish sentiment across the Bitcoin markets will make it pretty difficult to climb back to US$4,900 anytime soon.\n\nAs is to be expected, the Bitcoin price drop is affecting most top alternative cryptocurrencies as well. There are two big exceptions in this regard, as Litecoin has somehow retained most of its value despite this market volatility. Ethereum Classic is also clearly pumping in Asia right now and its value is not dropping by any means. This pump will eventually come to an end sooner or later, though, though the Bitcoin price drop might allow it to go on for a while longer. An interesting weekend lies ahead; that much is evident.",
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