After close to $ 3,000, virtual currency bitcoin fell nearly 20% this week, again showing its volatility. Its value has almost tripled since January.
In a few months, the price of the bitcoin rose from $ 1,000 to nearly $ 3,000. But after reaching a historic value on Monday, it dropped to 2076 dollars. The virtual currency finally stabilized below $ 2,500 on Friday. The fall began after a breakdown of one of the main trading platforms Coinbase, due to high transaction volumes, says Bloomberg. Another platform, Bitfinex, announced a cyber attack. At the same time, the bitcoin suffered from the rise of the dollar, after the intervention of the FED which raised its key rates.
Despite this decline, the value of the "crypto-currency" which was worth only a few cents at its launch in 2009 has almost tripled since January.
Exchange of the bitcoin in dollar
This fascination coincides with its recognition in April as a legal means of payment in Japan.The bitcoin is also a safe haven for Chinese and Indian investors, according to experts.
The bitcoin is a fully digital currency, which is not administered by a central bank or government.It can be exchanged for real money on specific platforms. While many experts believe that this system has significant potential, several cases of piracy and fraud explain that bitcoin is perceived as a high risk investment. Anonymous and untraceable, this currency is sometimes accused of being appraised by criminals
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