(https://news.bitcoin.com/wp-content/uploads/2017/12/DRcLS0QW4AA34EO.jpg)
The price of bitcoin (BTC) has dropped more than 25 percent in four days, and it looks headed for even worse territories as of this writing. Veterans have braced for its eventuality. However, there are many newly onboarded, and they’re only used to the world’s most popular cryptocurrency dipping slightly in an effort to rise again evero-higher, quickly. For perspective, here’s a look at some of the more memorable crashes.
After an all-time high this week, the decentralized cryptocurrency took a quarter haircut, and is looming toward sub 13,000 USD if this price drama continues. Already, bitcoin has beaten its recent price weakness of 10 December, and news isn’t helping. Mempool congestion, internal politics, higher transaction fees, another exchange bankrupt, and charges of insider trading among one of the more popular US platforms, might be forcing weaker hands to sell.