Bitcoin Crash – Cryptocurrency Falls by $5,000 in minutes

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bitcoin

Thunder Bay – TECH – Bitcoin investors were hit with a drop in the cryptocurrency today as in a flash crash, the price fell to $59,000US a drop of $5000us.

Bitcoin is gaining increased credibility with companies and investors.

However many people still don’t fully understand the cryptocurrency.

Business market expert Forbes says, “The bitcoin price has added almost 400% since this time last year, climbing to over $60,000. However, bitcoin has fallen sharply over the last 24 hours, dropping under the closely-watched $60,000 level.

“Ahead of bitcoin’s price plummet, researchers found the cryptocurrency is still concentrated among a handful of holders, warning this makes ‘bitcoin susceptible to systemic risk’.”

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