Will bitcoin rise after today’s performance.
The value of bitcoin dropped rapidly today amid concerns that trading could be be banned in South Korea.
The volatile crypto currency hit a record high when it passed $19,850 in mid December, but then tumbling rapidly, falls ni to below $12.000
Within days.
It’s value shifted unpredictably over the following weeks, but as of late, it had remained relatively steady. Until today.
It is worth $11,388 as of Tuesday afternoon uk time, according to the coinbase exchange, meaning it has dropped in value by around 17 per cent over the past 24 hours.
All other major crypto currencies have also dropped in value, according to coinmarketcap.
Good time to invest.
However there are serious fears that bitcoin has created a bubble that could burst at any time.
However others are speculating that it could keep rising towards the $1m mark.
