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Friday, 22 December 2017

Bitcoin suffers fresh fall, Drop Down 25% from All-Time High

Bitcoin suffers fresh plunge, losing a third since start of week. Bitcoin Price Drops Below $15k, Down 25% from All-Time High.

The cryptocurrency kicked the week off with a bang, almost hitting $20,000 as it extended its biggest rise but it has suffered a significant correction this week, losing a third of its value.

Read Also - Bitcoin: "Look before You Leap" Warns Monetary Authority Of Singapore

Bitcoin dropped to $13,048 briefly from around $16,500 in late trading on Thursday, according to data compiled by Bloomberg.

Just the past few weeks here, Monetary Authorities of various countries gave warning to Bitcoin investors on the risk of losing their funds.

The vice-president of the European Central Bank has also expressed concern about the relentless rise in the value of Bitcoin and the potential risk accompanying the trend.

Do you think this massive drop is a threat to investors of losing their funds? Is the Bitcoin volatile nature something to worry about?....  Drop your comments below and Subscribe to our Blog for more information. 

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