The Verify team spoke with cryptocurrency experts about the recent drop in prices, as Bitcoin fell from as high as $60,000 per coin to as low as $30,000 each.
WASHINGTON — Owners of cryptocurrency like Bitcoin have been on a rollercoaster over the last couple of months. After spiking to as high as $60,000 per coin, Bitcoin saw its prices drop to as low as $30,000 per coin in mid-May. Similar drops happened with other cryptocurrencies, like Ethereum and Dogecoin.
The prices have since recovered slightly, but it has triggered a lot of questions online about how these major ups and downs are possible. The Verify team spoke with the experts to find out.