Bitcoin Price Freefall Has Startups Suspending Operations. The price of bitcoin continued to evaporate this week, stumbling downwards to new lows it hadnt seen since 2013. Proponents say that price is not its ultimate value as an anonymous “cryptocurrency,” but bitcoin companies are struggling all the same. Bitcoins price recovered on Thursday after falling to a 15-month low of $173.06 the day before, but have so far has failed to reach $200, according to CoinBase. Bitcoins latest price change is part of a downward trend that began when it reached a peak of $1,147.25 in Dec. 2013.
Posted on: Thu, 15 Jan 2015 10:00:27 +0000