{"id":341076,"date":"2017-12-26T02:36:53","date_gmt":"2017-12-26T01:36:53","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-bitcoin-plunges-by-30-after-record-high-of-20000\/"},"modified":"2017-12-26T02:36:53","modified_gmt":"2017-12-26T01:36:53","slug":"prison-planet-com-bitcoin-plunges-by-30-after-record-high-of-20000","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-bitcoin-plunges-by-30-after-record-high-of-20000\/","title":{"rendered":"Prison Planet.com \u00bb Bitcoin plunges by 30% after record high of $20,000"},"content":{"rendered":"<div>\n<p>      <!-- START CONTENT --><\/p>\n<p><a href=\"https:\/\/www.rt.com\/business\/413931-bitcoin-plunges-30-percent\/\"><strong>RT<\/strong><\/a><br \/>December 22, 2017<\/p>\n<p><strong>The price of bitcoin fell to less than $13,080 on Friday morning, according to CoinDesk.com. That makes an 18-percent drop since its previous slide, and more than 30 percent since it reached the historic $20,000 mark last week.\u00a0<\/strong><\/p>\n<p>The cryptocurrency has experienced its second major drop in just days. Rival bitcoin cash has also fallen, plunging to $2,536 per\u00a0<a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin-cash\/#charts\" target=\"_blank\" rel=\"noopener noreferrer\">coin<\/a>, following its rapid climb of more than 50 percent to almost $4,330 per token on December 20.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\">\n<p lang=\"en\" dir=\"ltr\">The value of bitcoin has shot up to 20,000 US dollars, double the milestone 10k mark it hit in late November <a href=\"https:\/\/t.co\/j58ALoKFAk\">https:\/\/t.co\/j58ALoKFAk<\/a> <a href=\"https:\/\/t.co\/aEtcUQI5cN\">pic.twitter.com\/aEtcUQI5cN<\/a><\/p>\n<p>\u2014 RT (@RT_com) <a href=\"https:\/\/twitter.com\/RT_com\/status\/942518732966031361?ref_src=twsrc%5Etfw\">December 17, 2017<\/a><\/p>\n<\/blockquote>\n<p>Bitcoin managed to recover some of its losses within several hours, trading around $14,000 as of 9:44 GMT.<\/p>\n<p>Emil Oldenburg, the co-founder of Bitcoin.com \u2013 one of the world\u2019s largest sites devoted to the cryptocurrency \u2013 recently called the cryptocurrency the\u00a0<em>\u201cmost risky investment you can make,\u201d<\/em>\u00a0after he switched to bitcoin cash, which he considers to be the future.<\/p>\n<p><em>\u201cThe old bitcoin network is as good as unusable,\u201d<\/em>\u00a0said in an interview with Swedish tech site Breakit.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\">\n<p lang=\"en\" dir=\"ltr\">Crypto-rivals: Digital currency Ripple rockets 16,000% this year <a href=\"https:\/\/t.co\/0DKus0GZcj\">https:\/\/t.co\/0DKus0GZcj<\/a><\/p>\n<p>\u2014 RT (@RT_com) <a href=\"https:\/\/twitter.com\/RT_com\/status\/944020917038014465?ref_src=twsrc%5Etfw\">December 22, 2017<\/a><\/p>\n<\/blockquote>\n<p>Despite the declines on Thursday and Friday, the five largest virtual currencies by market capitalization have seen a remarkable rise this year.<\/p>\n<p>\u2013 The original\u00a0<strong>bitcoin<\/strong>\u00a0is up 1,300 percent since January 1.<\/p>\n<p>\u2013 The second most valuable cryptocurrency \u2013\u00a0<strong>ethereum<\/strong>\u00a0\u2013 has gained 8,000 percent.<\/p>\n<p>\u2013\u00a0<strong>Ripple<\/strong>\u00a0is the biggest mover among the top five, with gains of over 16,000 percent this year.<\/p>\n<p>\u2013 Since splitting from the original in August,\u00a0<strong>bitcoin cash<\/strong>\u00a0has gained 600 percent.<\/p>\n<p>\u2013 Rounding out the top 5,\u00a0<strong>litecoin<\/strong>\u00a0has seen an increase of over 5,000 percent.<\/p>\n<p>Over the last 24 hours, cryptocurrencies have lost over&#8230;<\/p>\n<\/div>\n<p><a href=\"http:\/\/www.prisonplanet.com\/bitcoin-plunges-by-30-after-record-high-of-20000.html\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RTDecember 22, 2017 The price of bitcoin fell to less than $13,080 on Friday morning, according to CoinDesk.com. That makes an 18-percent drop since its previous slide, and more than 30 percent since it reached the historic $20,000 mark last week.\u00a0 The cryptocurrency has experienced its second major drop in just days. Rival bitcoin cash [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-341076","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/341076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=341076"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/341076\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=341076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=341076"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=341076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}