Throughout the past day, the price of one kind of digital currency, bitcoin, dropped. The figure decreased by roughly 1.2%, from a peak of roughly $67,500 to a low of roughly $66,500.
Given that the price of Bitcoin frequently varies significantly over short periods of time, it is important to highlight how erratic this phenomenon is. Although the precise causes of the most recent price drop are yet unknown, traders’ profit-taking and concerns about the increased regulatory attention given to cryptocurrencies are possibilities.
Source (CNBC)
