BitCoin has been going absolutely insane again this week, it doesn’t not if it’s crashing or setting new records as it sets a new record then sheds half of its value, struggling to settle afterwards.
After a steady climb over the course of a day to $900 it crashed to $450, most likely as people began to sell! sell! sell! as it hit the high value, but the crash was followed by another rise back up to $735 where it settled for a little, sit an impressive high value for the crptocurrency.
It’s an interesting time for BitCoin, the digital currency is even changing in value and it is almost frightening to see how rapidly it can swing around the market like this. There are people out there with millions of dollars worth who doubled, then halved their net worth in just a few hours… crazy.
What the future holds for the value of BitCoin is unknown, but interest may be fading for it after the coin mining frenzy starts to taper off.
Thank you Get Pocket for providing us with this information.
Image courtesy of Get Pocket.
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