Bitcoin sheds nearly 15% of its ‘value’ in one day

After a meteoric, and probably unsustainable rise and rise over the past 12 months, Bitcoin has suffered a short and sharp mini-crash over the weekend, dropping nearly 15% of its value in less than an hour – a stark warning of the cryptocurrency’s unpredictable volatility. Bitcoin dropped in ‘value’ from about US$59,000 to US$51,000 before rebounding. Ethereum and Dogecoin also suffered dramatic and sudden losses, before clawing back some of their losses. This time last year Bitcoin was simmering around US$7,725 after bumping up and down on the spot since 2018. But last year, fuelled by fears of an over-heated […]

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