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Severe Drop in Bitcoin Rate | Bitcoin Rate Slashes

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Severe Drop in Bitcoin Rate | Bitcoin Rate Slashes: Bitcoins was the talk of the town for the past few weeks. For the first time in the history, the rate of Bitcoins crossed 19,000 USD. In India, the rate of 1 bitcoin crossed 14,00,000 INR. In the mid of November, the rate of 1 bitcoin was 8000 USD (i.e. 5,00,000 INR) but on 14th December, Bitcoin rate crossed 14,00,000 INR (19,000 USD). People started investing in Bitcoins as the rate was increasing vertically.

Severe Drop in Bitcoin Rate | Bitcoin Rate Slashes

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For the past 5 days, Bitcoin rate was steady between 18,500 to 19,500 USD. Yesterday (19/12/2017) it started a downfall in the rate. Bitcoin rates got reduced less than 14,00,000 INR. Today (20/12/2017), the rate is decreasing vertically downwards. For every minute, around 20,000 INR is getting reduced. As of 11:55 PM, the sell rate of one bitcoin is 9,79,874 INR (i.e. 14,500 USD).

Today the price had fallen around 3,00,000 INR until this moment. Will It reduce further? Is this a fall of Bitcoin? Will the rate increase again? Subscribe our Notification button, for an update on Bitcoins and other news!

Sownder

Sownder Kumar is an Indian Blogger inspired by the quote "If you want to be a writer, you must do two things above all: Read a lot and write a lot". You can contact him via newsbugzofficial@gmail.com!

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