The plunge of the world’s largest cryptocurrency by market cap, bitcoin, wiped out millions of dollars from the crypto market earlier this week. RT’s Boom Bust digs into the reasons behind the steep drop.
After a strong start to 2021, when we saw bitcoin breaking records on a daily and even hourly basis, the price of the cryptocurrency has faced wild swings. On Friday, it plunged below $30,000 for the first time in nearly three weeks, but recouped some of those losses since then and was trading at around $31,900 on Saturday.[embedded content]“There are a few reasons why bitcoin …
