Bitcoin Dropped about 30%

Bitcoin Dropped about 30%

Since hitting an all-time high of over $2700 on Thursday, Bitcoin has gone into a sharp correction, dropping almost thirty percent of its value in only two days, according to numbers from CoinMarketCap. A lot of digital currencies, which includes Ethereum, Ripple, Litecoin, Dash, and Monero additionally declined, in most cases losing even more steeply. A few analysts have defined this as profit taking, which might suggest the declines will stage off. However, technical analysts noted the losses could go as deep as 46.5%, pushing Bitcoin down to $1470.

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