What Caused Bitcoin Price to Take the Plunge from $1100s?
A couple of days ago, Bitcoin price dropped by over $200 as the community indulged in panic sales based on speculations. The best performing asset in 2016, Bitcoin started the new year on a high note, only to witness a sudden drop in its price. For many, who are used to the cryptocurrency’s volatility, it didn’t come as a surprise. Bitcoin has had a good run, thanks to unprecedented demand, which defied the predictions of qualified analysts. The initial demand for cryptocurrency probably originated from the Asian and European countries following their economic and monetary crisis. The....
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