Bitcoin Strengthens After Last Week’s Sharp Decrease

Forex News

Bitcoin increased today for the second day in a row and continued to recover after a sharp fall. The cryptocurrency increased by 2% to $16.243. Last week, bitcoin lost more than half of the value in some trading floors, declining by almost 27%.

Experts believe that such a fall is a natural correction after a confident growth. A more drastic decrease in the cost of bitcoin was observed only in December 2013 - then the rate fell by 28.07%. But still, according to experts, huge volatility remains at the auction bitcoin.