RATE Group | Bitcoin price: BTC plunges to 14-MONTH LOW as cryptocurrency nosedives toward $4,000 | C…
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Bitcoin price: BTC plunges to 14-MONTH LOW as cryptocurrency nosedives toward $4,000 | C…

23 Nov Bitcoin price: BTC plunges to 14-MONTH LOW as cryptocurrency nosedives toward $4,000 | C…

Posted at 15:04h in Cryptocurrency News by

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The world’s leading cryptocurrency plummeted to its lowest price since September 2017, crashing to as low as $4,119.00 in the last 24 hours, according to Coindesk. As of 12:30pm GMT, Bitcoin had recouped some gains and was trading hands at £3315.54 ($4,252.74), down 4.19 percent on its opening price. This week has marked one of the worst drops for the dominant cryptocurrency since the Bitcoin bubble burst at the start of this year. The value of Bitcoin peaked in December 2017 at almost £15592.50 ($20,000), meaning a plunge of almost 80 percent for BTC in 2018.

BTC is not the only cryptocurrency plunging in price – both XPR and Ethereum are also down.

As of 12:30pm GMT, Ripple’s XPR is currently down 6.38 percent as it hovers around the £0.31 ($0.40) price tag.

Ethereum has plunged by 7 percent in value and is trading at around £94.38 ($121.06).

Despite the volatility currently gripping the cryptocurrency market, Nigel Green, chief executive of the deVere group, predicts…

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