Tag Archives: Bitcoin plunges

Bitcoin Plunge Erases $100 Billion In 24 Hours–Here’s How Long The ‘Bloodbath’ Could Last | Forbes

960x0Despite still-booming institutional adoption, the price of the world’s largest cryptocurrency is tanking Thursday morning as analysts warn of massive volatility on the horizon, pushing bitcoin’s losses to nearly 15% since an all-time high on March 13.

KEY FACTS

As of 11 a.m. EDT, the price of bitcoin has tanked 9.4% over the past 24 hours, pushing its market capitalization down to about $970 billion, from nearly $1.1 trillion at the same time Wednesday, according to crypto-data website CoinMarketCap.

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Bitcoin plunges 16% in 24 hours: Two people may be the reason why | Fast Company

It’s been a rough 24 hours for bitcoin traders. The cryptocurrency has plunged 16% from its all-time high in just one day, falling from $58,000 on Sunday to just over $46,000 as of the time of this writing. So what happened? Two things. Or, rather, two people may be the reason why:

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