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Bitcoin prices fall below $12,000 - A drop of over 10%

Bitcoin dropped over $1,300 in around 1.5 hours

Bitcoin prices fall below $12,000 - A drop of over 10%

Bitcoin prices fall below $12,000 - A drop of over 10%

Many of the world's largest cryptocurrencies have today seen substantial price decreases, changing the value of major cryptocurrencies like Bitcoin, Ripple and Ethereum significantly. This change reflects the total market cap of cryptocurrencies decreasing from over $830 billion to around $570 billion, a decrease of over 30%. 

Bitcoin's price has decreased from today's opening price of $13,585 to under $12,000, though the currency is likely to recover (at least partially) as the day progresses. 

This change comes after South Korea's Justice Minister revealed that the country is preparing a ban on cryptocurrencies, though these plans have not been finalised. Regardless, South Korea's is set to take a stricter stance on cryptocurrencies moving forward. 

  

Bitcoin prices fall below $12,000 - A drop of over 10%

  
Today's prices bring Bitcoin to a new monthly low, with today's values last being seen on December 5th, a time where Bitcoin's value was skyrocketing. Bitcoin eventually hit a peak of almost $20,000 on December 16th, with today's price representing a decrease of around 40%. 

You can join the discussion on Bitcoin's latest price decrease on the OC3D Forums

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Most Recent Comments

16-01-2018, 11:01:00

Arne Saknussemm
Buy the dip! Quote

16-01-2018, 11:18:38

AlienALX
Seen quite a few RX 460s up for sale the other day. Some dude had ten !Quote

16-01-2018, 12:10:57

daniSAUR
Does this mean cheaper GPUs now? Because I'm in dire need of a new one!Quote

16-01-2018, 12:15:55

scubasteve
Quote:
Originally Posted by daniSAUR View Post
Does this mean cheaper GPUs now? Because I'm in die need of a new one!
you and me both dani https://i.imgur.com/gpAmzCp.gifQuote

16-01-2018, 17:28:45

daniSAUR
Quote:
Originally Posted by scubasteve View Post
you and me both dani https://i.imgur.com/gpAmzCp.gif
Really gutted I missed the boat early last year, friend of mine picked up a 1060 6gb for less than the cost of the 3gb now! Quote
Reply
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