$$$ BTC in free fall? $$$
The bitcoin falls below $ 7,000 for the first time since November this Week.
The bitcoin continues its fall for the fifth consecutive day, coming to be listed this Monday below $ 7,000 for the first time since November, reports Bloomberg.
The most popular digital currency collapsed by 22 percent, reaching $ 6,702 once , which occurred when the Lloyds Banking Group - which includes Halifax, MBNA and Bank of Scotland - prohibited its customers from buying bitcoins with their Credit cards.
Since the record price of $ 19,511 recorded last December, bitcoin has already lost almost 65 percent of its value, the media reports. Other crypto currencies such as Ripple, Ethereum and Litecoin also suffered the crash but there is positive news for cryptotraders from different resources that the price will hike again and they suggested investors to patience and hold the coins .
For more update :-
Monday's news on Saturday? Crypto moves way to fast for that IMO.
As of now, Bitcoin is up 3 of the past 5 days, mid 8k range as I type this. Some say this is the start of a bounce back, others saying it's due for a further correction.
Coins mentioned in post: