Business
Bitcoin’s price has dropped along with other cryptocurrencies after comments from China – ABC News
Bitcoin is no stranger to dramatic variations in price — but yesterday was pretty wild in terms of single-day changes.
Bitcoin is no stranger to dramatic changes in price a few years ago the cryptocurrency was worth a few hundred dollars, before going on last month to top $80,000.
But even by those standards, yesterday was pretty wild in terms of single-day changes the price fell by nearly 30 per cent from the day’s early highs at one point overnight.
And while the decline narrowed to below 10 per cent in the following hours, Bitcoin has still lost tens of billions of dollars in market value in 24 hours.
Here’s…
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