Not-So-Funny Money: Bitcoin’s $2,000 Plunge Panics NetizensCC0World08:45 22.12.2017(updated 10:05 22.12.2017) Get short URL662
The exchange rate of the most popular cryptocurrency in the world, Bitcoin, fell 18 percent against the US dollar to $13,030 in one day, according to the price tracking site CoinMarketCap.
Last Sunday, Bitcoin reached the $20,000 mark. Thus, compared with record levels, its exchange rate has shed 30%.
The alternative cryptocurrency Bitcoin Cash has decreased by 30% — to 2,536 dollars.
On Tuesday Bitcoin.com co-founder Emil Oldenburg said that Bitcoin has no prospects as a trading currency, and Japan’s finance minister, one of the few countries where Bitcoin is legalized, said he does not consider it a reliable asset.
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The fall of Bitcoin caused “panic” in the social networks.