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Bitcoin price dips
The value of Bitcoins is down almost a third on yesterday’s exchange values. Since then rates have recovered slightly but remain extremely volatile.
By Dan Ilett
Updated Sep 10, 2021, 10:43 a.m. Published May 3, 2013, 10:33 a.m.
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The value of Bitcoins is down almost a third on yesterday’s exchange values.
Bitcoin dollar rates peaked yesterday morning at $125 per coin but this morning (UK time) are theoretically changing hands for $86. Volatility is more of a problem with Bitcoin because of the relatively long time it takes to change your money into, or out of, the currency.
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Bitcoin rates were relatively stable until ramping wildly, and dropping just as dramatically, in April. Exchange rates fell from $266 a coin to just over $86.
Since then rates have recovered slightly but remain extremely volatile.
Responsible exchanges include prominent warnings that Bitcoins aren’t an AAA investment.
Photo credit: Screen shot from Bitcoincharts.com
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