18.7 C
New York
September 10, 2019
Bitcoin falls below $5000 - BBC News

Bitcoin falls below $5000 – BBC News

Media playback is unsupported on your device

Media captionTen years of the rise and fall of Bitcoin

The value of Bitcoin has fallen below $5,000 (£3,889) for the first time since October 2017.

The fall brought the total value of all Bitcoin in existence to below $87bn.

On Thursday, 15 November, Bitcoin Cash – an offshoot of Bitcoin – split into two different crypto-currencies, which are now in competition with each other.

And some observers have blamed this for creating turmoil in the crypto-currency markets, with many of the digital assets experiencing falls.

Bitcoin exchange Kraken said in a blog post that it regarded one of the two new Bitcoin Cash crypto-currencies – Bitcoin SV – as “an extremely risky investment”.

Bitcoin is a notoriously volatile crypto-currency.

At its peak, in November 2017, it briefly hit $19,783 – which means the price has fallen by about 75%.

Source BBC News

Related posts

Snapchat Under Fire After Map Shows New York Renamed ‘Jewtropolis’


Musk seeks to dismiss Thai cave defamation claim


Thousands still watch TV in black and white


This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More