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Bitcoin Drops More Than $2,000 in Less Than a Day

Credit: Wibbitz Studio
Published on June 27, 2019 - Duration: 00:54s

Bitcoin Drops More Than $2,000 in Less Than a Day

Bitcoin Drops More Than $2,000 in Less Than a Day Bitcoin prices dropped to a low of $11,346.85 after hitting a 17-month high a day earlier at $13,485.85.

Bitcoin’s all-time high of $20,000 was reached in December 2017.

Several industry leaders have noted leverage as the reason behind the instability of bitcoin, with many using the cryptocurrency to borrow money for trades.

Former hedge fund manager and CEO of Galaxy Digital Holdings, Michael Novogratz, expects the range to stay between $10,000 to $14,000 moving forward.

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