Other Cryptocurrencies Experience a Record Fall Following Bitcoin

December 22, 2017

Other Cryptocurrencies Experience a Record Fall Following Bitcoin

Bitcoin which is still the most popular digital currency in the world that managed to soar from $8,000 dollars to $20,000, has fallen in value sharply . The maximum drop was 23%.

For a short time, the price of the cryptocurrency was less than $12,000 dollars, and for the last hours it has been fluctuating between $12,000 and $13,000. If calculated by the percentage of the maximum cost of Bitcoin, this is the largest drop in the digital currency for the entire 2017 year.

In addition to Bitcoin, other cryptocurrencies began to fall as well. Bitcoin Cash lost 30%, Litecoin - 21%, Ethereum - 20%. Ripple - 30%.

The reasons for such a sharp drop in Bitcoin are still unclear, while it is obvious that the future of digital currencies is directly related to the largest financial organizations' interest to them, and so far there have been no problems with it. One of the world's largest banks Goldman Sachs plans to start trading Bitcoin and a number of other cryptocurrencies in 2018.

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