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How did the price of Bitcoin on Gemini change in March 2018?

avatarPrashanth BhatDec 26, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of how the price of Bitcoin on the Gemini exchange fluctuated throughout the month of March 2018? I'm particularly interested in understanding the factors that influenced these price changes and any significant events that may have impacted the market during that time.

How did the price of Bitcoin on Gemini change in March 2018?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! In March 2018, the price of Bitcoin on the Gemini exchange experienced significant volatility. The month started with Bitcoin trading at around $10,500 and saw a gradual increase in price during the first week. However, on March 7th, the market experienced a sudden drop, and the price fell to around $9,000. This drop was attributed to various factors, including negative news surrounding regulatory concerns and a broader market correction. Throughout the rest of the month, the price of Bitcoin on Gemini continued to fluctuate, with occasional spikes and dips. Overall, March 2018 was a turbulent month for Bitcoin on Gemini, with the price ending the month at around $7,000.
  • avatarDec 26, 2021 · 3 years ago
    March 2018 was an interesting month for Bitcoin on the Gemini exchange. The price started the month at around $10,500 and initially showed signs of upward momentum. However, as the month progressed, the market sentiment shifted, and the price experienced a significant drop on March 7th. This drop was likely influenced by a combination of factors, such as regulatory concerns and overall market conditions. Despite the drop, the price of Bitcoin on Gemini managed to recover partially, but it remained volatile throughout the rest of the month. By the end of March 2018, Bitcoin on Gemini was trading at around $7,000.
  • avatarDec 26, 2021 · 3 years ago
    In March 2018, the price of Bitcoin on the Gemini exchange witnessed notable fluctuations. Starting the month at approximately $10,500, Bitcoin initially showed signs of positive movement. However, on March 7th, the market experienced a sudden downturn, and the price dropped to around $9,000. This drop was likely influenced by a combination of external factors, including regulatory concerns and a broader market correction. Following the drop, the price of Bitcoin on Gemini continued to exhibit volatility, with occasional price spikes and dips. By the end of March 2018, the price had settled at around $7,000. It's important to note that cryptocurrency markets are highly unpredictable, and various factors can influence price movements.