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Bitcoin Value Plunges After Christmas High

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Alexander Ruper
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Bull run of the digital currency ends after sharp fall in value in Thursday trading

The digital currency Bitcoin has been struck down with a New Year hangover after its value fell more than 20 percent in just four hours of trading on Thursday.

This, according to Reuters, puts it on track for its worst daily performance in nearly two years, and comes after nearly the digital currency outperformed all its central-bank-issued counterparts in 2016 in terms of value rises.

It should be remembered that Bitcoin reached a two year record high in value over the Christmas period.

Bitcoin c Tomas Daliman, Shutterstock 2014Down, Up, Down

Just prior to Christmas, Bitcoin had doubled in value in 2016, with one bitcoin costing a cool $875 £714 on the Bitstamp exchange BTC BTSP, its strongest level since January 2014.

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Alexander Ruper
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