bitcoin

Today I Discovered Why Bitcoin’s Price Is So Volatile

Today I Discovered Why Bitcoin’s Price Is So Volatile

In 2017, Bitcoin’s value soared from $1200 to around $25,000 before dropping down to around $16,000 at the end of the year. Since then, it’s value has risen and dropped sporadically from day to day, dragging smaller cryptocurrencies such as Ether and Ripple along with it.

Bitcoin Is In Meltdown (Again)

Bitcoin Is In Meltdown (Again)

Bitcoin’s price dropped sharply overnight, twice falling below $5000 per coin. At 6.30am AEDT, the benchmark cryptocurrency was trading lower by around 11.5% at $US4990. The collapse is being described by analysts as “like a house of cards.” Yikes. Here are the details.