Written by :
Aaron Goldstein
Published on :
The cryptocurrency Bitcoin, popular with online gamers, once again saw its price decline dramatically following a few days of quiet.
By late Saturday afternoon Eastern Standard Time, the coin had fallen all the way to $3650, more than 14% in a 24 hour period.
This is the lowest level Bitcoin has traded at in more than 420 days.
Bitcoin has lost over 80% of its value since last December's high of near $20,000.
It was not immediately known what was causing Saturday's sharp decline.
Upwards of 70% of all online gambling transactions are via Bitcoin at many wagering sites catering to restrictive markets including North America.
- Aaron Goldstein, Gambling911.com
