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Bitcoin is Experiencing Free Fall After A Strong Rise

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The rise of bitcoin came to an abrupt end on Monday. The digital currency lost 14 percent of its value in a short time.

 

By the end of the morning, the coin was trading for just over $ 29,000.

The reason for the rapid price fall is not immediately known.

However, several experts have already warned against the “too strong” increased price in recent days and the chance of the bitcoin bubble bursting.

The value of the digital currency was more than $ 34,000 on Sunday. That increase came the day after one bitcoin was worth more than $ 30,000 for the first time.

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