Bitcoin takes a hit

Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising inflation and the collapse of a controversial stablecoin project.

San Diego, California, Nov 16th 2015: The bit coin was invented by Satoshi Nakamoto in 2008 as a digital form of money but no one truly knows who Satoshi Nakamoto is. Transactions are done through peer to peer networks without the need of a bank making it the first decentralized digital currency. This is a close up photo of several gold plated bitcoins together symbolizing the bit coin market, modern technology, finance, internet, trading, etc.

The price of bitcoin plunged as low as $26,595.52 Thursday morning, according to Bitstamp data.5 days ago

https://www.nbcnews.com › crypto

Bitcoin plunges below $27,000, erases 2021 gains as crypto sell …

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