Bitcoin Has Lost Almost $8K in Value in the Last 24 Hours by Complex News

The price of the cryptocurrency fell sharply on Friday, losing about 30 percent of its value and falling to below $11,000 at one point, according to CoinDesk’s Bitcoin Price Index. The value has bounced back since the dramatic plunge and sits at a shade above $13,000 as of 1 p.m. EST on Friday, but the dramatic fall has many bitcoin investors—and social media commentators—concerned. The news seems to suggest bitcoin's bubble may be ready to burst, and reactions to the plunge on Friday have ranged from "Told you so!" to "OMFG, I'm about to lose my life savings!" Subscribe to Complex News for More: http://goo.gl/PJeLOl Watch 'Complex Live' on Go90 here: https://www.go90.com/shows/11cHKK3D2iU Check out more of Complex here: http://www.complex.com https://twitter.com/Complex https://www.facebook.com/complex https://www.instagram.com/complex/ https://plus.google.com/+complex/ COMPLEX is a community of creators and curators, armed with the Internet, committed to surfacing and sharing the voices and conversations that define our new America. Our videos exemplify convergence culture, exploring topics that include music, sneakers, style, sports and pop culture through original shows and Complex News segments. Featuring your favorite celebrities, authoritative commentary, and a unique voice, our videos make culture pop.

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