Bitcoin value plummets below $11,000

Bitcoin value plummets below $11,000

Bitcoin value fell below $11,000 on Friday, losing more than 40 percent of its value since Dec.17

By Bahattin Gonultas

ANKARA (AA) - The value of Bitcoin plummeted below the $11,000 threshold on Friday to hit a record low in December, a particularly volatile month for the cryptocurrency.

Bitcoin's market capitalization now stands at $200 billion, a drop from over $310 billion on Dec.17. It was changing hands at $11,565 at 1500GMT after dropping to $10,834 on Friday.

The cryptocurrency surged in value from under $1,000 at the start of 2017 to $20,000 on Dec 17.






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