Bitcoin continues to drop after record high

After reaching the record of $20,000 last week, the price of bitcoin has fallen to less than $13,080 this morning

The price of bitcoin has plunged by another 18% following the latest drop on Wednesday, which means that it is down by over 30% since the cryptocurency reached the record peak of $20,000 last week.

Bitcoin is "the most risky investment you can make" according to Emil Oldenberg, the co-founder of Bitcoin.com, who has since switched to the rival Bitcoin Cash.

Coinbase, the biggest platform for buying and selling bitcoin, announced on Wednesday that it will be supporting Bitcoin Cash.

However, despite the drops on this week, the cryptocurrency has seen staggering increases this year, with the original bitcoin up by 1,300% since the begining of the year.

 

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