Cryptocurrency Round-Up: Bitcoin plummets, Peercoin Soars and Overstock Donates

Bitcoin's price has continued to fall, while peercoin, namecoin and dogecoin all experience a surge.(IBTimes UK)

The price of bitcoin has has continued to fall in the last 24 hours, bringing the cryptocurrency's total price-drop over the last three days to $30 (18, 23).

There is no clear reason for this decline. Recent positive developments would hint at its price going the other way, with news of possible PayPal integration, a new Digital Currency Council, and Coinbase extending its services internationally.

Bitcoin's market capitalisation has fallen below $6bn for the first time since May.(CoinMarketCap)

Other major cryptocurrencies have fared better, with namecoin and dogecoin both seeing their values climb since yesterday.

Most sensational of all has been peercoin, which saw its price more than double in the last two days. It has now leapt past dogecoin to become the world's third most valuable (mineable) digital currency.

Overstock to donate to cryptocurrency advocates

Online marketplace Overstock, currently the largest retailer to accept bitcoin, has announced that it is to donate 4% of its bitcoin revenue to foundations that advocate cryptocurrency adoption.

Last week the firm revealed that it was extending its acceptance of bitcoin to international customers in an effort to build on the success it had experienced in the US with bitcoin.

Its latest move will initially see the Chamber of Digital Commerce benefit from Overstock's support.

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Cryptocurrency Round-Up: Bitcoin plummets, Peercoin Soars and Overstock Donates