Do Recessions Impact Bitcoin? Bitcoin was created as a reaction to the Great Recession of 2008. No recessions have occurred in the United States since that time, so Bitcoin has never been tested in such dire economic circumstances like those of 2008. Bitcoin has plunged nearly 70% from its all-time highs of just over $68,000, but the economic challenges facing…
What is Causing the Recent Drop in Bitcoin Prices? Bitcoin’s value has dropped significantly in recent weeks, with a price of just $35,000 per coin at the time this is being written, down from an all-time high of $63,000 just a few months ago. This collapse has taken place in part as a turnaround against the sudden rise at the…