Bitcoin dipped further 21 percent on Friday, adding up to its loss towards 40 percent, the investors look worried.
The world’s most popular cryptocurrency dropped to $12,191.80 before trading at $12,975.50 as of 3:47 p.m. in Hong Kong. The Bitcoin has been tumbling from its peak of $19,511, but still 1100% of what it started at the year start.
Other cryptocurrencies also plunged, with bitcoin cash crashing 38 percent and ethereum losing 26 percent over the past 24 hours, according to coinmarketcap.com.
The plunge comes amid growing signs of mania for anything cryptocurrency related.
Bitcoin also fell as concern grew that an offshoot could become a stronger rival to the more well-known cryptocurrency. Bitcoin cash, which emerged earlier this year amid a split between factions over proposed software upgrades, was added to Coinbase Inc.’s offerings this week.
(Source: Bloomberg)
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