Bitcoin price dips

The value of Bitcoins is down almost a third on yesterday’s exchange values.

Bitcoin dollar rates peaked yesterday morning at $125 per coin but this morning (UK time) are theoretically changing hands for $86. Volatility is more of a problem with Bitcoin because of the relatively long time it takes to change your money into, or out of, the currency.

Bitcoin rates were relatively stable until ramping wildly, and dropping just as dramatically, in April. Exchange rates fell from $266 a coin to just over $86.

Since then rates have recovered slightly but remain extremely volatile.

Responsible exchanges include prominent warnings that Bitcoins aren’t an AAA investment.

Photo credit: Screen shot from Bitcoincharts.com

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Dan Ilett

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