Bitcoin Value Crashes by Nearly 20%
Posted: January 6, 2017 Filed under: Asia, Economics | Tags: Accel Partners, Altec Lansing, Bitcoin, Blockchain (database), China, Chinese yuan, Digital currency, Donald Trump, India, United States 1 Comment
Bitcoin made headlines earlier this week when the cryptocurrency value surpassed $1000, its highest valuation since 2013, but Bitcoin traders didn’t enjoy the sudden increase for too long as the price began to fall rapidly. By 8AM EST on Thursday a single coin was valued at $892.
Business Insider claims Bitcoin’s sudden rise in value can be attributed to China where the national currency, the Yuan, has steadily been declining, leading to renewed interest in Bitcoin…(read more)
Source: Breitbart
Related articles
- Bitcoin may be the biggest winner of 2017 so far (mashable.com)
- Why Bitcoin Could Be More Important Than the Internet: Here’s why (huffingtonpost.com)
- Bitcoin price at record high against pound and euro (telegraph.co.uk)
- Bitcoin’s total value hits record high above $14-billion (theglobeandmail.com)
- Bitcoin is going bananas (businessinsider.com)
- BitPagos, now Ripio, lands $1.9M to promote financial inclusion in South America using bitcoin (feedproxy.google.com)
- Bitcoin tops $1000…highest level in 3 years (amtvmedia.com)
Advertisements
![[VIDEO] EXCLUSIVE: Here We Go Again: North Korea Fires Missile Over Northern Japan](https://mottomedia.files.wordpress.com/2017/09/missile-wide2.jpg)
![[VIDEO] Museum of Fabulous Japanese Advertising: Katy Perry’s Fabric Softener Commercial](https://mottomedia.files.wordpress.com/2017/09/katy-perry-1.jpg)
[…] Source: Bitcoin Value Crashes by Nearly 20% […]