Categories: Technology

A huge decline in Bitcoin’s value

Each of us is aware that the cryptocurrency market is very volatile. Unfortunately, the latest prices show that virtual currencies have fallen sharply recently.

According to CoinGecko, Bitcoin’s value is around $ 4,100 and has recently even hit below $ 3,600. Such a strong decline applies to all cryptocurrencies that are not on the best streak right now. Over the last week, the value of BTC fell by as much as 27.4%. However, you can already see an upward trend, because within 24 hours its value increased by 8%.

At the same time, the price of Ethereum even reached $ 102.69 and Litecoin was $ 27.56. These are the lowest values ​​in a long time, so it is high time for cryptocurrencies to start rising. As you can see, reports of Bitcoin reaching $ 10,000 by the end of 2018 may turn out to be untrue.

Also read: Mining Bitcoin requires more energy than real mining

Źródło: Coingecko, Neowin

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