After hitting highs of US$3000 on Monday, the Bitcoin price has plummeted to as low as US$2079.
Bitcoin's cousins, Ripple, Monero and NEM have also been struggling the entire week. Ethereum, the second largest cryptocurrency increased by 20%.
Weakness in the Bitcoin price began after digital currency exchange Coinbase experienced an outage on Monday caused by a spike in trades that day.
Bitfinex, on Tuesday was also under DDoS attack sending chills on investor's backbones as to how secure the cryptocurrency world is.
The question that remains is will you jump ship to the Bitcoin cousins? Let me know in the comment section below.
© Bitcoinist
good discount price... Bubble or well deserved correction ? if you're in early then its a little correction, if you got in now, then it's a disaster ...depends how you look at it
Don't sell! Hold on to it! Bitcoin and the blockchain is the future!
time to buy!
Crypto investors need to understand that buying a coin is investing in the underlying technology. No need to panic sell.
It will reach a new high !!! Hodl !!