Bitcoin, the world's largest crypto-currency, is now 50 percent off what it used to be at peaks after the crash. For the first time since November 30th, It fell below $10,000-mark and stood at $9,199.59 on Wednesday morning. A slight recovery brought its value to $10,1123 at 11.56 am.
In a span of 24 hours, A 19 percent fall in the market price of Bitcoin is evident. This amounts to over $30 billion.
Last year, Bitcoin market value increased 2000 percent. This set the stage for drastic correction at some point and that's what happening now. Experts have predicted it much in advance & kept warning the investors.
Countries across the World have been taking measures to curtail Crypto-Currency. South Korea, Japan and China have been keen to impose a ban. France and USA are going to investigate. Bitcoin will come up for discussion during the G20 Summit scheduled to happen in March.
In a span of 24 hours, A 19 percent fall in the market price of Bitcoin is evident. This amounts to over $30 billion.
Last year, Bitcoin market value increased 2000 percent. This set the stage for drastic correction at some point and that's what happening now. Experts have predicted it much in advance & kept warning the investors.
Countries across the World have been taking measures to curtail Crypto-Currency. South Korea, Japan and China have been keen to impose a ban. France and USA are going to investigate. Bitcoin will come up for discussion during the G20 Summit scheduled to happen in March.