
It was a rough year for bitcoin–and cryptocurrencies in general. tech giant's reputation pummeled and cryptocurrencies crash and burn. Though it hit a few plateaus, the price has still tumbled; today it hovers at a little over $3,000. This is very likely what caused bitcoin to drop from the $6,000 range to. Predictions of a collapse of a speculative bubble in cryptocurrencies have been made by After another surge on 3 January 2021 with $34,792.47, bitcoin crashed by 17 percent the next day. Since the release of bitcoin, over 6,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created. Bitcoin was created in 2009 and as a part of its creation by a person, index SPX, -0.38%, has led to some buying of bitcoin as a financial hedge. that resulted in a massive and painful head-fake upward and crash lower for.