18:48 GMT +323 July 2018
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    Not-So-Funny Money: Bitcoin's $2,000 Plunge Panics Netizens

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    The exchange rate of the most popular cryptocurrency in the world, Bitcoin, fell 18 percent against the US dollar to $13,030 in one day, according to the price tracking site CoinMarketCap.

    Last Sunday, Bitcoin reached the $20,000 mark. Thus, compared with record levels, its exchange rate has shed 30%.

    The alternative cryptocurrency Bitcoin Cash has decreased by 30% — to 2,536 dollars.

    On Tuesday Bitcoin.com co-founder Emil Oldenburg said that Bitcoin has no prospects as a trading currency, and Japan's finance minister, one of the few countries where Bitcoin is legalized, said he does not consider it a reliable asset.

    READ MORE: They See Me Rollin': How Winklevoss Twins 'Turned Ridicule' Into Bitcoin Fortune

    The fall of Bitcoin caused “panic” in the social networks.

    Related:

    They See Me Rollin': How Winklevoss Twins 'Turned Ridicule' Into Bitcoin Fortune
    Bitcoin Falls by Over 13% Amid Financial Regulators' Reports on Investment Risks
    Indian Tax Authorities Probe 500K Bitcoin Traders for Alleged Tax Evasion
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    exchange rate, forecasts, cryptocurrency, Bitcoin
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