Bitcoin Has Fallen 20% From Its Latest All-Time High Of $58,000

SourceForbes
SectorFinancial Markets
CountryMiddle east

Bitcoin prices declined over the last few days, pulling back from their latest all-time high and losing close to 25% of their value in under 48 hours. The world's most prominent digital currency fell to as little as $44, 964. 49 this morning, according to CoinDesk data. By dropping to this level, the cryptocurrency had shaved 23% off its price, after rising to a record price of roughly $58, 300 on February 21, additional CoinDesk data reveals.

After falling to its recent low, bitcoin bounced back somewhat, approaching $50, 000, and has traded primarily between that price level and $46, 000 since. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] "On a weekly perspective, this is the first time Bitcoin is seeing red in a month," said Jason Lau, COO of cryptocurrency exchange OKCoin. Going forward, multiple analysts emphasized the positive...read more...