This weekend saw another decline in the price of the digital currency. It fell below $230 on Sunday. On Monday it gained two dollars to $230.

This Friday, the price of the digital currency was around $240. On Saturday the bitcoin fell to $235 and on Sunday went down to $230.

Brokers at BTC-e bitcoin exchange began to sell bitcoin in numbers, pulling the price down to $226. Only this night bitcoin began to recuperate. In the English chat several traders were suggesting to buy bitcoins and market players followed their advice, raising the price to $229.

The price of the digital currency began the decline in August after the block size debate intensified. A problematic letter from somebody who claimed to be Satoshi Nakamoto as well as statements made by the industry leaders led to a significant decline in price.

In the middle of the month, bitcoin collapsed from $256 to $219, giving a new base for the old speculation about the direct connection between bitcoin and oil prices.

By the end of the August was down to $201 on BTC-e exchange. One day later the representatives of BitPay, Blockchain.info, Circle, Kncminer, Bitnet, Xapo, BitGo and ItBit  signed the open letter to support one of the standarts, BIP 101. Meanwhile, F2Pool and BTCChina Pool voiced their preference for BIP100.

After the industry leaders made their, declarations bitcoin began compensating the losses. It reached $240 by 8 of September but then fell back to the present level.

Roman Korizky