Bitcoin fall in value
Posted On 11.10.1969
Enter the terms you wish to search for. The price of bitcoin and other major cryptocurrencies has fallen significantly over the bitcoin fall in value 24 hours amid fears of regulator clampdowns, continuing an annual trend that has seen bitcoin’s price consistently crash in mid-January. The dramatic fall comes as some investors look to cash in on the significant gains, though others are choosing to hold on to the virtual currency, citing similar price falls at the start of recent years.
When the price of bitcoin fell in mid-January last year, the cryptocurrency’s price recovered to record levels. Other major cryptocurrencies—like ethereum, litecoin and ripple—have followed a similar pattern. Each price fall comes at times of uncertainty for cryptocurrencies, usually involving government crackdowns on regulations surrounding trading. The latest comes as reports in South Korea and China suggest the two countries are considering a ban on trading.
Some of the largest cryptocurrency exchanges are based in South Korea, with the country representing the world’s third-biggest market for bitcoin trades. However, it is unclear what exactly a government crackdown would involve. At its core it is still an international payment mechanism and a store of value—that doesn’t change with speculation. 100 times what it is today. Find out how IB schools are shaping global education. Barclays analysts took a deep dive into the bitcoin and cryptocurrency craze as part of its annual Equity Gilt Report. The team says all bitcoin investors fall into one of three categories.