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Bitcoin plunges by 40% after record high of $20,000

December 26th, 2017
Categories: News

Link: https://www.rt.com/business/413931-bitcoin-plunges-30-percent/

The price of bitcoin fell to less than $12,000 on Friday, according to CoinDesk.com. That makes an 27-percent drop since its previous slide, and more than 40 percent since it reached the historic $20,000 mark last week.

The cryptocurrency has experienced its second major drop in just days. Rival bitcoin cash has also fallen, plunging to $2,536 per coin, following its rapid climb of more than 50 percent to almost $4,330 per token on December 20.

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