Bitcoin’s Black Friday: Blockchain Prices Plunge
REUTERS/ Dado RuvicNews17:43 22.12.2017(updated 17:44 22.12.2017) Get short URL6130
A cryptocurrency crash seems to have swept the markets this week, culminating with a massive drop during Friday’s trading.
At the time of writing, Bitcoin has lost 30% of its value, falling from $16,519 per coin to $11,427.24, according to the digital currency exchange Coinbase’s website.
READ MORE: Not-So-Funny Money: Bitcoin’s $2,000 Plunge Panics Netizens
Other cryptocurrencies also fell, including Bitcoin Cash, which fell from $3,427 to $1,870.50 (-45.18%); Ethereum, from $826 fell to 541.05 (-33.98%); and Litecoin, which fell from $316 to $186.34, indicating a 40.61% decrease.
Twitter is exploding in reaction to the developments on the cryptocurrency markets.