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Bitcoin Today: Prices Dip as Opinion Leader Thoughts Diverge

Kinsey Grant

Bitcoin prices traded lower Tuesday as thought leaders shared differing opinions and the much-anticipated Consensus conference in New York failed to offer much in the way of a meaningful rally for the cryptocurrency market. Most of the other top cryptocurrencies joined bitcoin in its price decline. Speaking at the Consensus 2018 event in New York on Monday, St. Louis Federal Reserve President James Bullard explained that cryptocurrencies have begun to operate as non-uniform currencies, as there are more than 1,800 cryptocurrencies, many of which trade at different prices at the same time in the same local markets.