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Bitcoin value plummet

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Daniel Murdock
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Fall follows on from a two-week period during which the bitcoin lift by 40 percent to almost 1 140 US-dollars, the highest level in three years and close to the historical record of 1 163 dollars per bitcoin.In trading on the european trading venue Bitstamp cost currency 885 dollars on Thursday afternoons

also Read: Bitcoin reaches its highest value in nearly three years

the Interest in bitcoin may often boost when unexpected events occur, which threaten the existing financial system.

the Demand increased, for example, badly when Greece threatened to leave the eurozone in 2015, and when the british in a referendum voted to leave the EU in the summer.

Trump's unexpected election victory in the US elections on 8 november was another incident which got the craving for bitcoin to increase.

In 2016, the step of the bitcoin price with over 120 per cent, driven by a lower chinese yuan, the Uk's decision to leave the EU and uncertainty surrounding Donald Trump as the new president of the united states.

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