Author: Carlos Terenzi

Bitcoin Value Drops to $7,000

It looks like Bitcoin has taken another plunge, albeit a slight one. The cryptocurrency is now priced at around the $7,000 mark, which is a 10% decrease following Bitcoin’s steady increase since April. Investors see this slump as a sign of its well-known volatility, with CoinFi chief executive Timothy Tam assuring people that there’s no need to worry. “This is a healthy retracement,” Tam told Fortune, citing this slump as part of Bitcoin’s normal working order. The fact that this news comes in the aftermath of Bitcoin’s 10th birthday signifies the cryptocurrency’s place in the global finance market in spite...

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