January 18, 2021

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Bitcoin is not breaking the record and is falling sharply

Bitcoin is not breaking the record and is falling sharply

The cryptocurrency Bitcoin has not yet managed to improve its three-year-old record. On Thursday, the value of Bitcoin fell sharply by more than $ 2,000 at one point.

On Wednesday the Bitcoin was still worth around USD 19,400, but on Thursday the currency fell to USD 17,253 on the Luxembourg trading platform Bitstamp. Then he recovered somewhat to nearly $ 18,000.

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The drop in prices is a new sign to critics that crypto coins are nothing more than objects of speculation. Proponents believe the coins have gained credibility lately, such as the payment platform PayPal’s decision in October to allow payments with crypto coins. In late 2017, Bitcoin hit a record $ 19,666.