Bitcoin Value in A Dive After Record Advance

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The value of the bitcoin has plummeted after a remarkable advance earlier, in which the digital currency stacked record after record.

 

Bitcoin fell by as much as 18 percent on Sunday and Monday to $ 33,500, the largest two-day drop since May last year.

According to experts, the fall in the bitcoin value is related to a more expensive dollar, making other investments less attractive.

The gold price also fell on Monday due to the stronger dollar. It is now at its lowermost level since the beginning of December.

At the end of last week, bitcoin reached an all-time high at almost $ 42,000.

This doubled the value of the most famous crypto coin in less than a month. It now seems that this advance is clearly losing steam. Other crypto coins were also under considerable pressure. For example, the ether fell by as much as 20 percent

Bitcoin was launched in initial 2009 and was only worth a few cents back then. At the finish of 2017, the currency already peaked at almost $ 20,000.

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