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Bitcoin Price Dives to More Than 10% Days After Reaching Record High


18 April 2021, 10:47 am EDT By
 
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Dan Kitwood/Getty Images
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Bitcoin price dives down in more than seven weeks, mere days after reaching a record high, marking the biggest single-day drop since February 2021.
The news prompted experts to speculate that the drop is the beginning of the anticipated burst, after believing that Bitcoin s bubble has reached a critical point.
Bitcoin Price and Speculations
On Apr. 17, 7 a.m. ET, Bitcoin s price fell 10.8% from $61,396 to $54,750, reaching as low as $51,300 as it dropped to more than $7,000 in one hour.
Bitcoin reached a record high of $64,869.78 on Apr. 14, a day before cryptocurrency exchange Coinbase s debut on Nasdaq. ....

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