Crypto crash? Bitcoin loses half its value from year’s high ...News

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Crypto crash? Bitcoin loses half its value from year’s high
source : Russia Today ( News ) () 19
Bitcoin nosedived another 13% on Sunday, dropping to around $31,227. The latest selloff left the world’s top cryptocurrency down over 50% from its mid-April peak. Bitcoin recovered to $36,554 per token on Monday. It hit a high for the year of $64,895.22 on April 14. “Many point to bitcoin’s volatility as untenable,” RBC Capital Markets’ Amy Wu Silverman wrote, according to Reuters. “Indeed, bitcoin makes severe and dizzying swings.” Other major cryptocurrencies, including dogecoin and ether, also plunged overnight, deepening losses that began earlier this month. Ether dropped 17% to $1,905 on Sunday, losing $391.31 from its previous cl

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