Last Sunday, Bitcoin reached the $20,000 mark. Thus, compared with record levels, its exchange rate has shed 30%.
The alternative cryptocurrency Bitcoin Cash has decreased by 30% — to 2,536 dollars.
On Tuesday Bitcoin.com co-founder Emil Oldenburg said that Bitcoin has no prospects as a trading currency, and Japan's finance minister, one of the few countries where Bitcoin is legalized, said he does not consider it a reliable asset.
READ MORE: They See Me Rollin': How Winklevoss Twins 'Turned Ridicule' Into Bitcoin Fortune
The fall of Bitcoin caused “panic” in the social networks.
Good thing I sold my bitcoin before it fell 😆
— Ryan (@wx_ryan) 22 декабря 2017 г.
#Bitcoin fell as much as 15% on Friday, extending its loss from its intraday high this month to more than 30%. https://t.co/K3Pv9iM695 #RealityCheck pic.twitter.com/gtZ5QWvm7R
— Rich TvAfrica (@RichTvAfrica) 22 декабря 2017 г.
looks like bitcoin fell off a cliff and landed half way down on a ledge
— terryzarmzoff (@terryzarmzoff) 22 декабря 2017 г.
Haha bitcoin fell to 12k 30 min ago… was 19k day ago. Insane.
— Aayush (@aayushftw) 22 декабря 2017 г.
I have published two pieces citing reasons bitcoin was likely not in a bubble. Both times (late June and this week) #BTC fell 27%. Sorry everyone.
— Eric Turner, CFA (@ericturnr) 22 декабря 2017 г.
