Bitcoin Plunges. Here’s Why.

1 month ago 20
PR Distribution

The price of Bitcoin plummeted Saturday, building on losses that started a month ago and gathered steam this week after the Federal Reserve made clear that monetary support for markets is going away—soon.  

Cryptocurrency’s biggest player has fallen about 29% to $48,100 a coin since Nov. 8, when the price hit an all-time high. Most other speculative assets, including small-cap growth stocks, started to slide at the same time.


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