Similar Stories to Bitcoin Plunges — Is It Just A Normal Correction Or A Bubble Deflating? on Bing News

The air has been swiftly leaking out of the virtual currency bubble. A decline in virtual currency prices that began before Christmas has picked up pace in recent days as concern has grown that governments could crack down on the new industry. The price of bitcoin dipped below $10,000 on Wednesday, taking it to about half of what it was at its peak last month.

Topics:  christmas   bitcoin   bubble   virtual   month   currency   
BING NEWS:
  • Bitcoin’s ‘normal drop’ leads to $256M longs liquidated — Analysts
    “So far, this is a normal drop. In fact, we’ve had several 20-22% drops this cycle,” Benjamin Cowan stated in an April 13 post on X. “Chaos is good for Bitcoin,” MicroStrategy CEO ...
    04/13/2024 - 1:00 pm | View Link
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