The popular digital currency Bitcoin has been on the rise in terms of value and popularity over the last few years and it continues to gain popularity in the world of e-commerce. It’s not all rosy for Bitcoin owners right now though, as the popular digital currency has seen a massive drop in price over the last few days. Experts believe the sudden drop was because of a price correction and bitcoin owners will be hoping that’s the case so that it continues to rise in the future. However, other experts believe the drop would suggest there is a resistance in price and it’s not going to grow much in the future.
The Value of Bitcoin Has Reached an All-Time High in Recent Weeks
It was only two weeks back when Bitcoin was valued at over $2,700– giving it an all-time high in value. However, due to the price correction, Bitcoin has seen a drop in its value of more than $500 in just four days.
Bitcoin Has Dropped in Value by Nearly $4 Billion
In recent months, Bitcoin has seen a further surge in value, which has seen investors push more funds into the popular digital currency platform. However, in recent days the value of Bitcoin has plummeted - so much so that the overall value of Bitcoin dropped from $40.49 billion to $37.08 billion.
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