Categories: Bitcoin Business

Bitcoin price crash: Cryptocurrency plunges 43% in just 3 months to $3,500; check latest price

Click here to view original web page at
The latest gains on Friday, have seen bitcoin rise by more than 0 to ,663, even though this is miles away from the ,000 highs reached in December 2017.

Even as we witness a rebound in the price of Bitcoin in the last few days, the elusive cryptocurrency has lost a staggering 43% in just 3 months, data from Coinbase showed. Notably, Bitcoin price jumped by nearly 10% on Friday, February 8th to $3,657.34. However, the gains have now been pared as Bitcoin is off highs and is currently trading near $3,557 levels, according to Coinbase. The latest gains on Friday, have seen bitcoin rise by more than $300 to $3,663, even though this is miles away from the $20,000 highs reached in December 2017.

While Bitcon had made stellar gains in 2017, rising from just $1,000 in January 2017 to above $20,000 by the end of 2018, leading to its rising popularity among many, top market voices from around the world and even back home have cautioned against investing in the asset. “This is a new tulip. It will be 200 years later as the madness of this century,” Rakesh Jhunjhunwala told Reuters, when asked if about his take on Cryptocurrencies.

Also read: IndiGo offer: Book flight tickets for as low as Rs 899; check route, other details here

Top investors including Warren Buffett and Jim Rogers have shunned the Bitcoin as having no value. Warren Buffett told marketwatch in October-17, “You can’t value bitcoin because it’s not a value-producing asset,” adding it’s a real bubble in that sort of thing.

“As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment,” Bill Gates told CNBC in an interview in 2018. “I agree I would short it if there was an easy way to do it,” he added. Bill Gates along with fellow billionaires Warren Buffett and Charlie Munger were participating in a conversation on CNBC. Noted commodities-guru Jim Rogers too said that Bitcoin appears bubblish. “It looks bubblish when you see the kind of price we see in bitcoins. I certainly don’t know which one will come out on top, or if anyone comes out on top. But, I don’t own any,” Rogers told in an interview to Kitco news in 2018.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Ripple Gives One Billion XRP to Former CTO Startup, Plus Paying For Publicity

Ripple Labs, the company behind XRP, has given for free some 1 billion XRP, worth $270 million, to a company… Read More

34 mins ago

54% of Bitcoin Volume on “Lower Quality Exchanges”: Report

The vast majority of the world’s cryptocurrency trading volume is in the hands of “lower quality exchanges”, while the world’s… Read More

34 mins ago

Bitcoin is Used more by Civilians than Some Bankers, Lawmakers or Terrorists

In many countries, including Palestine and the entire world at large, Bitcoin is used more by civilians than some bankers… Read More

34 mins ago

Billionaire Investor Tim Draper Claims Bitcoin Prices Will Hike Upto $250,000 By 2022

Very rich person Investor Tim Draper Claims Bitcoin Prices Will Hike up to $250,000 by 2022Bitcoin (BTC) may proceed to… Read More

34 mins ago

Bitcoin (BTC) mining giant Bitmain firm announces purchasing more crypto mining chips that subject to a potential profit of $1.2 billion

Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not… Read More

34 mins ago

Squeaky-Clean Apple Is Quietly Pummeling Its FAANG Stock Buddies

Apple stock is brushing off a decline in iPhone sales while continuing to make gains in 2019. | Source: REUTERS/Joshua… Read More

35 mins ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More