Bitcoin Falls Again on Saturday

Written by:
Aaron Goldstein
Published on:
Nov/24/2018

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

 

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