The price of Bitcoin has plummeted today on concerns about the state of the US economy. It fell below $50,000, losing more than $8,000 in a single day. It is at its lowest price since February.
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Bitcoin has managed to get above $35,000 today, that's higher than at any point since May 2022. It also passed the three-year moving average for the first time since April which is interesting.
Bitcoin reached $25,000 today for the first time since June. It's still a bit unclear what's in store for Bitcoin, with some expecting the price to go lower and others saying the worst is over.
Following Tesla's purchase of $1.5 billion worth of bitcoin, the cryptocurrency has achieved a new all-time high of $47,725. As always, it's unclear what will happen to the price in the coming weeks.
The price of bitcoin briefly reached $40,000 on Thursday before retreating a bit. It's not clear what will happen to the price going forward but it has certainly piqued people's interest.
Bitcoin has finally become worth more than $20,000. The cryptocurrency has been lingering in the $19,000 price range for a while now. The price rise could boost people's interest in the asset.
Following a $3,000 crash last week, bitcoin has recovered and is now in touching distance of $20,000. Bullish observers think bitcoin will continue to aim for highs above $20,000 in the future.
Following a massive hike in its value over the last month alone, and after reaching a record $19,500 valuation last Sunday, bitcoin - and other digital currencies - have experienced a loss in value.
Bitcoin has broken another threshold on its seemingly unstoppable climb this year. There are bold claims about bitcoin's future, but many still think its all a bubble waiting to burst.
