Bitcoin Slumps, Falls Below $5000

The value of Bitcoin fell below $5000 this week, at one point trading around $4,951, which was the lowest since October 2017.


The decline of the most popular cryptocurrency brought its total value below $87 billion, falling 75 percent since its peak in Nov 2017.


Some observers blamed the drop on the recent fork last November 15 which resulted to another competing currency, Bitcoin Cash.


Source: BBC

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