Bitcoin Price Takes Major Hit, Why The Bears Are Not Done Yet, Bitcoin price has taken a major hit over the past 24 hours. After reaching an all-time high of $14,000 on December 17, the cryptocurrency lost nearly 10 percent of its value.
The price of bitcoin is currently trading at around $11,600, which is down by more than 17 percent. In fact, it's trading at its lowest level since November 2.
So what caused this massive drop in value?
Many experts believe that it's due to bitcoin's recent surge in popularity among investors who are looking for alternative ways to make profits from their investments. However, there are also other reasons why people are selling off their investments at this time.
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