Counting Costs of Bitcoin’s Big Three Drops of 2017

A lot has happened in a week for Bitcoin. The on-again-off-again plans for SegWit2x were officially put on ice and the effervescent Bitcoin celebrated by reaching yet another all-time high of $7,888. However, what comes up, must come down.

Bitcoin then went into a spiral as a number of factors influenced its latest drop of 29 percent, which saw $38 bln wiped clean off the market cap. Bitcoin Cash managed to profit as it hit new highs, but things are already returning to normal.