As the price of Bitcoin has soared to new highs, a recent report indicates that it may be crashing below $400 per coin.
A report by CoinDesk, however, indicates that the number may be in the $300 range, meaning it may reach that level in the next 24 hours.
The report, entitled “Bitcoin Price Price Is Collapsing At $400”, comes on the heels of another report which indicated that Bitcoin was trading at a price of $320, indicating that the Bitcoin price is “in a bubble”.
The report is based on the analysis of a database of more than 40,000 trades conducted between October 7 and October 14.
The Bitcoin price has soared past $1,300 per coin in the last few days, with prices at a high of $1.2480 on Wednesday and at a low of $7.1550 on Thursday.
The cryptocurrency’s recent surge has seen it gain more than 50% from the previous day, according to CoinDesk’s data.
While the price surge has brought the cryptocurrency to new heights, it has also seen a number of other cryptocurrencies see their price fall, particularly Bitcoin.
Bitcoin’s recent decline has seen the value of the cryptocurrency fall by almost $70 million.
It is a move that is not entirely surprising given the fact that the digital currency is not regulated by any country.
The price of bitcoin has fallen by more than $50 million on Wednesday, as the value has been cut by more that $60 million.
The value of Bitcoin in the past 24 hours was as low as $3,800.
It was previously estimated that the value had fallen by as much as 50% in the first quarter of 2017.
The digital currency’s value has also fallen in other markets, including the US dollar, Euro and Japanese yen.
The data shows that there are some signs that the bitcoin price could be on the rise, but it is still too early to predict the cryptocurrency’s price recovery.