..

Bitcoin is 'Definitely Not Dead' Despite Losing 50 Percent off All-Time High

Written by:
Guest
Published on:
Jan/17/2018

The world's largest cryptocurrency, Bitcoin, dived as low as $9,199.59 Wednesday morning, according to CoinDesk.  This was around 50% off its all time high of $19,783.21 that occurred only one month ago.  Scroll Down

The last time bitcoin fell below the $10,000 mark was November 30.

More than $30 billion was shaved off the cryptocurrency's market value in the last 24 hours.

Bitcoin "ain't dead yet," says Spencer Bogart of Blockchain Capital.

"There's two ways to frame this," he tells CNBC. "We can frame it as 'listen, this is 50% off of its highs" and, to a lot of people, this sounds like a scary story or we can frame it completely differently and talk about how Bitcoin is up 100X or 1000 percent from a year ago."

Watch Below

Bitcoin is 'definitely not dead,' says one analyst from CNBC.

- Aaron Goldstein, Gambling911.com

Video News News

Will Prime Time Underdogs Continue their Barking? | Colts vs 49ers

Will Prime Time Underdogs Continue their Barking? | Colts vs 49ers

In this 60 seconds clip, Drew Butler, Anthony Becht and Jonathan Casillas breakdown the Sunday night game between the Colts vs 49ers.

Seven Point Spread In Big Rivalry Matchup | USC vs Notre Dame Picks

Seven Point Spread In Big Rivalry Matchup | USC vs Notre Dame Picks

Notre Dame is a -7 point favorite in this one.

Free Pick Analysis on the Oklahoma State vs. Iowa State Game October 23

Free Pick Analysis on the Oklahoma State vs. Iowa State Game October 23

Oklahoma St and Iowa St duel on Saturday, October 23rd. Our experts are divided on the spread for this one so maybe a play on the total is the right call?

Clemson vs. Pittsburgh Prediction October 23

Clemson vs. Pittsburgh Prediction October 23

Clemson and Pittsburgh meet on Saturday, October 23rd. It’s unanimous! The entire crew is all over Pittsburgh. Stay tuned as the guys will share their free college football picks, favorite NCAAF odds and best bets for this Week 8 college football game.

Broncos vs Browns Predictions: Odds of Cleveland Beating Denver Thursday Night

Broncos vs Browns Predictions: Odds of Cleveland Beating Denver Thursday Night

The Denver Broncos and the Cleveland Browns face off on Thursday, October 21st as they kick off NFL Week 7. Both teams will be looking to bounce back after losing their last game. Hang around as the guys will share their best bets, NFL expert predictions, and their favorite NFL odds for this matchup of the NFL regular season.

Syndicate