Bitcoin's Terrible, Horrible, No Good, Very Bad 2015
The value of bitcoin has dropped from $345 this time last month to $177 Thursday morning, the lowest price bitcoin has seen since April 2013.By Jamal Andress | January 15, 2015
Bitcoin has had a tumultuous 2015, and we haven't even made it out of January yet. The cryptocurrency — once worth more than an ounce of gold per "coin" — has had an unforgiving slide over the past month.
The value dropped from $345 this time last month to $177 Thursday morning, the lowest price value bitcoin has seen since April of 2013. Some attribute this nonstop falling price point in the new year to bitcoin's latest security scandal.
Bitstamp, a bitcoin exchange based in the UK and one of the largest in the world, was hacked on Jan. 4. It lost 19,000 bitcoin or a little more than $5 million U.S.