The price of bitcoin and other cryptocurrencies such as Ethereum (ether), Cardano (ada), dogecoin were mostly flat on Sunday, after yet another slump.
That market fall was despite the good fortunes of some smaller coins, such as DubaiCoin, which gained 1,000 per cent in 24 hours. The astonishing gains seen by DubaiCoin since launching led to the government of Dubai issuing a warning that it is not officially linked to the UAE city, and may well be an elaborate scam.
Bitcoin’s latest price fall means analysts remain divided over whether it is entering a bear market or is just suffering a brief correction on the road to more record highs. Despite being down overnight, it remains remarkably stable looking at it on a week-by-week basis.
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