Bitcoin Dropped From 13,800 to 10,300 in less than 24 hours!

BTC had a roughly $3,000 drop from where it was trading Wednesday. Bitcoin had rallied to a high of $13,485.85 Wednesday afternoon, its highest price since January 2018.

Bitcoin has been marked by volatility in its 10-year existence. That and its high transaction costs have largely kept it from being used as an everyday payment method. Instead, it’s seen by some backers as a store of value, or “digital gold.” That global hedge use-case seemed unlikely in 2018 after it ended the year down more than 73 percent. But some are attributing its more than 200% gains this year to its use as an uncorrelated hedge against global tension and the U.S.-China trade war.