World’s Leading CryptoCurrency Bitcoin has recently recorded its highest ever drop in a single day. Riding high around 58,000 USD, BTC plunged to $47,700 in a span of just 19 hours.
A massive drop sends shockwaves to many traders, as Bitcoin was experiencing its all-time highest value just a month before. However, the drop was received well by new traders as a means of discounted entry into the Bitcoin market. The forces of Demand and Supply shifted back the price to 50,000 USD in just 16 minutes. The price has since adjusted itself to the USD 50,000 mark.
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