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Nearly $4 Billion Wiped Off Price Of Bitcoin As Price Falls 19%

Bitcoin Price Falls

The price of Bitcoin continues to rapidly grow year on year but it is still suffering from volatility. The digital currency is in its early growth stage. Until the market cap reaches a certain level where big withdrawals with not dramatically effect the price it will continue to see wild swings in value.


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Bitcoin has reached record highs this year and is far out performing almost all of the forecasts made my financial experts. On the 24th of July the price hit a record of $2.791.69 but it saw a correction on the Monday with a drop of nearly 19%.

The market cap of Bitcoin grew to a record level of $40.49 billion and within three days this total was reduced by a whopping $3.4 billion decline. Explanation of the boom in cryptocurrency and why the price recently has been growing at staggering rates visit the article below:

Nearly $4 billion has been wiped off of the value of bitcoin in the past four days after a correction that has seen the cryptocurrency’s price fall almost 19 percent from its recent record high. On July 24, bitcoin hit an all-time high of $2.791.69. But on Monday, the […]

Click here to view original web page at Bitcoin correction sees nearly $4 billion wiped off value of the cryptocurrency as price falls 19%

This post was last modified on December 16, 2021 1:55 am

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Daniel

I am the founder of Bitcoin Casino No Deposit Bonus and have been studying concurrency technology since 2013. I have been traveling South East Asia for the last 6 years and am a huge gaming fans that takes part in eSports competitions. I love relaxing on a evening watching the sun set with a cold beer and great music. I also teach other travelers how to become digital nomads so they can become free of the system.

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