bitcoin values plunge below $250, as investors worry over value crash

bitcoin prices dropping, plunging as low as $185.

Published Wed, Jan 14 2015 3:43 PM CST   |   Updated Tue, Nov 3 2020 12:10 PM CST

Bitcoin values dropped below $200 on Wednesday for the first time since late 2013, as investors and supporters worry about the volatile cryptocurrency. In the first two weeks of 2015, bitcoins lost 40 percent of their value - sliding from $320 on Jan. 1 down to $185 on Jan. 14.

bitcoin values plunge below $250, as investors worry over value crash | TweakTown.com

The current bitcoin valuation occurs during a time of record transaction volume, with huge amounts of activity amid the sliding price. Bitcoin miners appear ready to offload their supply of the cryptocurrency, in an effort to cover overhead.

Bitcoins cost $600 each in June 2014, but prices have declined consistently since then, even with more retailers adopting bitcoin payments.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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