Huffington Post- Bitcoin's value plummeted today, by 25% from a high of over 1100 US dollars per BTC to a low value of under 830. The virtual currency, whose value has increased five-fold in just over one month, has been at risk of such a spectacular crash due to speculative investment in the now multibillion dollar market.
The arrival of spot bitcoin ETFs in the US offers easy access to the masses. Purists will steer clear.
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After plummeting in June, the price of Bitcoin has remained at such a low level that it is causing the
Inflation and expected interest rate hikes likely play a part in Bitcoin's dropping value.
I'm wondering about that guy who took out a 30k loan to buy bitcoins?
I invested in Monopoly money and it's proving quite a stable investment :)
bit coin is moslty about speculation so you take the highs and the lows 300$ is hardly a crash