The currency continues to fall.
According to The Wall Street Journal, there is a correlation between the rise and fall of the stock market, which is part of the story of the fall this week. There are other factors at play as well, from the US Federal Reserve's hesitation on creating a digital currency to Russia's proposed ban on mining cryptocurrencies.
It is just another day in the world of digital currency.
What did you expect?
The latest crash is far from the lows of last summer, when it plummeted to around $30,000 from a high of $60,000. Russia, China, and the Fed are blamed for the crash by investors, who blame it on pressure from Russia, China, and the Fed.
With Russia and the Fed's big decisions looming, they may have a point, as the value of Bitcoin has fallen nearly 11 percent in the last 24 hours, which is cause for concern for those who have been banking on its relatively steady rise in value over the course of the past few
It is too soon to tell if cryptocurrencies will fall or rise in the long run. Here is an analysis from the man.
Genius has an image via it.
The stock market was rout amid the decline of thecryptocurrencies.
Another Entire Country just Banned Cryptocurrencies.
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