Bitcoin’s BTC token hit rock bottom on Wednesday, striking out at $9,402.29 (£6,774.26) around 3.39pm – bitcoin’s lowest price since November, according to CoinMarketCap data.
The popular token was also dealt a crushing blow to its market capitalisation value, dropping $83billion (£59.8billion) since Monday.
Analysts believe the crash was triggered by fears of South Korean regulators banning crypto trade, which in turn sparked a rapid sell-off of various digital currencies.
But a pair of London-based economists seemingly confirmed investors’ worries, decrying the crash as the start of a bigger bitcoin bubble about to burst.
My fears should not come to reality, the whole world will be so much affected, i hope this is not the end....
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its rising,its rising :) 11,500usd
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I dont wont a digital one world currency!Thats fearing me, no matter if i get a millionar, thoughts for the future and your children or grand children!We need a physical currency which is free and uncontrolable!
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