Bitcoin's prices rocketed past $11,000 as thousands of newbies signed up for cryptocurrency wallets.
In a matter of 24 hours Bitcoin's price went from $11,000, plunged to $9,300, and then back up to around $10,000. Bitcoin has been raising eyebrows all around and many have signed up to be a part of it.
According to statistics from two major wallet providers, the influx in stock did nothing to prevent any newcomers to join.
Bitcoin has been making headlines and not all of it is good reviews, but for some it happens to be the way of life. I read an article where a parent payed off their child's tuition fees via Bitcoin. Certain dealerships will accept Bitcoin as well as some high end restaurants.
Is it really going to be as big as people say it's going to be ?
As new users flooded the into the markets, Coinbase's US based exchanges went down, alongside two other major exchanges, Bitstamp in Slovenia, and Gemini. According to Coinbase, the major traffic from newbies caused it's services to slow down which is what caused the decline in Bitcoin price.
Link to Bitcoin article from THE COINTELEGRAPH down below.
https://cointelegraph.com/news/20-bitcoin-price-drop-in-less-than-90-mins-just-another-day-for-bitcoin