{"id":1089,"date":"2016-06-23T19:30:00","date_gmt":"2016-06-23T19:30:00","guid":{"rendered":"https:\/\/blog.holytransaction.com\/2016\/06\/bitcoin-price-drops-because-of-the-bremain.html"},"modified":"2020-09-13T20:08:25","modified_gmt":"2020-09-13T18:08:25","slug":"bitcoin-price-drops-because-of-the-bremain","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/06\/bitcoin-price-drops-because-of-the-bremain.html","title":{"rendered":"Bitcoin Price Drops because of the Bremain"},"content":{"rendered":"<div style=\"clear: both; text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3756 size-full\" title=\"Union Jack England Flag\" src=\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2016\/06\/UK-flag.jpg\" alt=\"United Kingdom Flag\" width=\"640\" height=\"360\" \/><\/div>\n<h3 style=\"text-align: justify;\">Bremain and Bitcoin<\/h3>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Today <b>Bitcoin price drops<\/b> of about $100, falling to peak of 15% by reaching the value of $551 according to <a href=\"https:\/\/www.bitstamp.net\/\">Bitstamp<\/a>.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">In the recent weeks we talked about the <b><a href=\"https:\/\/holytransaction.com\/blog\/2016\/06\/5-reasons-bitcoin-price-is-rising.html\">5 reasons of the Bitcoin price was rising so fast<\/a>.<\/b> In the list we quoted the \u201c<b>Brexit<\/b>\u201d as a possible reason.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">In fact, the uncertainty caused by this move could be a foundamental reason for the Bitcoin growth.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<h3 style=\"text-align: justify;\">Bitcoin price Drops<\/h3>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">This Bitcoin fall is a continuation of the recent correction &#8211; probably due to the previous too fast growth, as explained George Sammam &#8211; that began on June 18th, when the price hit $774.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">A possible reason for this Bitcoin decline is the \u201c<b>Bremain<\/b>\u201d, or the possibility of the UK to remain in the European Union.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">In fact, experts suggested that maybe the bitcoin price is falling down because of the increasing possibility that UK will vote to remain in the EU.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<p>\u00a0<\/p>\n<div style=\"text-align: justify;\"><b><b>Tim Enneking<\/b> of Crypto Currency Fund; investor <b>Vinny Linghan<\/b> and <b>Arthur Hayes<\/b>, co-founder of <a href=\"https:\/\/www.bitmex.com\/\">BitMEX<\/a>, all quoted the \u2018Brexit\u2019 vote as a possible reason for this drop:<\/b><\/div>\n<p>\u00a0<\/p>\n<div style=\"text-align: justify;\"><\/div>\n<p>\u00a0<\/p>\n<div style=\"text-align: justify;\"><i><i>&#8220;The drop below $600 indicates that many traders believe that &#8216;Bremain&#8217; will prevail. The vote is still too close to call with various polls indicating &#8216;Brexit&#8217; and &#8216;Bremain&#8217; in a dead heat.&#8221;<\/i><\/i><\/div>\n<p>\u00a0<\/p>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">So, will the Bitcoin price continue to fall or it will remain stable? Stay tuned for next updates.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<h3 style=\"text-align: justify;\">Multicurrency Wallet<\/h3>\n<div style=\"clear: both; text-align: center;\"><a style=\"clear: right; float: right; margin-bottom: 1em; margin-left: 1em;\" href=\"https:\/\/3.bp.blogspot.com\/-JrNqe9Ufa_I\/Vw5xWCp-4uI\/AAAAAAAAAX0\/ewYa_sJ1mD4ybIYjXMRYkneGId0Sd_RPACKgB\/s1600\/HTBannerOrange.png\"><img decoding=\"async\" src=\"https:\/\/3.bp.blogspot.com\/-JrNqe9Ufa_I\/Vw5xWCp-4uI\/AAAAAAAAAX0\/ewYa_sJ1mD4ybIYjXMRYkneGId0Sd_RPACKgB\/s1600\/HTBannerOrange.png\" border=\"0\" \/><\/a><\/div>\n<div><\/div>\n<div>With this high volatility it is a good behavior to store your <b>Bitcoin in a safe wallet<\/b> and wait for better times.<\/div>\n<div><\/div>\n<div>You can store your Bitcoin and other digital currencies such as <b>Litecoin, Ethereum, Dogecoin in the HolyTransaction Multicurrency wallet.<\/b><\/div>\n<div><\/div>\n<div><a href=\"https:\/\/holytransaction.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Open your wallet for free here.<\/b><\/a><\/div>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Bremain and Bitcoin Today Bitcoin price drops of about $100, falling to peak of 15% by reaching the value of $551 according to Bitstamp. In the recent weeks we talked about the 5 reasons of the Bitcoin price was rising so fast. In the list we quoted the \u201cBrexit\u201d as a possible reason. In fact, [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,128,129,514,680],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Drops because of the Bremain -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2016\/06\/bitcoin-price-drops-because-of-the-bremain.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Drops because of the Bremain\" \/>\n<meta property=\"og:description\" content=\"Bremain and Bitcoin Today Bitcoin price drops of about $100, falling to peak of 15% by reaching the value of $551 according to Bitstamp. 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