Bitcoin plunges by 40% after record high of $20,000
The price of bitcoin fell to less than $12,000 on Friday, according to CoinDesk.com. That makes an 27-percent drop since its previous slide, and more than 40 percent since it reached the historic $20,000 mark last week.
The cryptocurrency has experienced its second major drop in just days. Rival bitcoin cash has also fallen, plunging to $2,536 per coin, following its rapid climb of more than 50 percent to almost $4,330 per token on December 20.
The cryptocurrency has experienced its second major drop in just days. Rival bitcoin cash has also fallen, plunging to $2,536 per coin, following its rapid climb of more than 50 percent to almost $4,330 per token on December 20.
