Blackcoin gives up all of September gains, testing 0.08 mBTC again

Blackcoin (BC) has seen wiped out virtually of its September gains, which saw it rally off its 0.08 mBTC support level, nearly doubling to 0.16 mBTC.

After hovering not far from this peak for the better part of one month, declines accelerated in early October and have continued for two weeks. It now finds itself once again approaching the 0.08 mBTC support level, currently trading at 0.087 mBTC ($0.033).

BC has held onto to this level quite successfully, refusing to submergence below it even during periods of high market Volatility . The support level has not been broken since prior to its big rise in April.

Note, however, than in dollar terms, BC continues to set new lows due to the declining BTC/USD Exchange rate.

Blackcoin currently ranks 15th in market cap, worth $2.6 million. It is in danger of falling 3-4 spots lower, will several other coins nearing similar valuations.