Bitcoin pricing falls by almost $3,000 as pricing approached an all-time high

Bitcoin prices break past 19,000 and approach all-time high

Bitcoin pricing falls by almost $3,000 as pricing approached an all-time high

A few days ago, we reported that Bitcoin was approaching a new all-time high as it broke past $19,000. Now, Bitcoin has plunged under $17,000, dropping as low as $16,514. 

Bitcoin’s is proving to be as volatile as ever, and the currency’s climb to over $19,000 appears to have gotten many investors to cash out, recouping their loses after the late 2017 crash or walking away with profits gained from this years climb. 

At this time, it is unknown how Bitcoin’s pricing will change in the long-term. Some have predicted a large climb in pricing over the next few years while others are expecting another cryptocurrency crash in the coming months. At this point, who can say? Bitcoin’s unstable pricing has been very well documented at this point. 

When compared to this time last year, Bitcoin’s value has increased by over 134%, leaving many onlookers confident that further gains are possible. While a drop in value of over $3,000 is high, this drop in value isn’t the crash that many Bitcoin’s detractors have been expecting.  

Bitcoin pricing falls by almost $3,000 as pricing approached an all-time high  

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