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
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