Bitcoin price recedes slightly from High

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After a whopping price jump over the past week, putting Bitcoin at its new record high of the year, the price has receded back to close to $530 USD. While still quite high compared to last week’s $450, it is down $20 on the day trades.

Screen shot 2016-05-31 at 3.06.16 PM

Some of the bullish activity absorbing the selloff volume is Ethereum. Which is up 10% in recent trades.

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