In the wake of the Mt. Gox collapse, Bitcoin’s worth fell by more than 50%. Following the FBI’s announcement that it would treat Bitcoin and other digital currencies as “legitimate financial providers,” Bitcoin’s worth spiked by an analogous amount. In late 2017, Bitcoin’s worth doubled several times, only to halve within the first weeks of 2018 – wiping out billions in market PrimeXBT value virtually overnight.
There had been a number of iterations of cryptocurrency over the years, but Bitcoin truly thrust cryptocurrencies ahead in the late 2000s. There are thousands of cryptocurrencies floating out available on the market now, but Bitcoin is way and away the most well-liked.
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