Crypto coins & bitcoin price crash: Bitcoin price crashes to $300 per coin, Bitcoin gains 5% from its peak, Bitcoin loses 6.5% from peak.
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The cryptocurrency has dropped below $300 a coin since December, when its value reached $6,400, according to CoinMarketCap.
Bitcoin has a market cap of $4.3 trillion and has surpassed $4,000 a coin, according CoinMarketScout.
The currency is expected to hit $5,000 in 2020.
The cryptocurrency’s market cap has risen by more than 50% since its peak of $5.7 billion in June 2018, according CryptoCompare.
The latest rise in market value of cryptocurrencies is due to their increasing adoption and high demand, according TechCrunch.
Bitcoin is a decentralized digital currency that can be traded online.
The value of each Bitcoin can be set by the public, but is controlled by a decentralized network of miners, and is not tied to a single entity.
It is used to buy goods and services.
The blockchain ledger of the cryptocurrency, also known as the blockchain, records transactions in a decentralized manner and allows users to prove ownership of any given Bitcoin transaction.
Bitcoin surged to an all-time high in early 2017, hitting a record $5 billion in the span of 24 hours.
In March 2018, the price peaked at $5 million.
Bitcoin prices have fluctuated widely, and sometimes skyrocketed in the past, as investors rushed to get in on the action.
During the 2016-2017 financial crisis, prices spiked, with the price reaching a high of $10,000.
The price tumbled during the Brexit vote, but bounced back, reaching a low of $1,200.
Bitcoin prices have also increased dramatically since 2017.