Business
Why these 3 experts aren’t worried about the tumbling Bitcoin price – The Motley Fool Australia
The Bitcoin price is down more than 6% over the past 24 hours and more than 30% from its record highs. Why are these 3 experts unconcerned?
The Bitcoin(CRYTPO: BTC) price remains under pressure, with the world’s biggest crypto sliding 6.1% over the past 24 hours.
One Bitcoin is currently worth US$44,858 (AU$57,510). The slide has seen Bitcoin’s market cap fall from more than US$1.1 trillion in mid-April to US$845 billion today, according to data from CoinDesk.
Let’s keep this in perspective though.
While the Bitcoin price is now down 31% from its all-time high of US$64,829 on 14 April, it’s still up 59% in 2021. And if you’d bought…
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