Bitcoin value dropped significantly in August, which proves that Bitcoin and crypto-currency markets are still developing. The value of Bitcoin is tumultuous to put it lightly, but dropping from $256 on August 17th to $200 on the 25th of August is pretty a big deal. Furthermore, this drop happened in opposition to what many may suggest Bitcoin should have done in response to China’s devaluation and the subsequent big losses in the U.S. economy. Driving this devaluation is fear, and the exposure of the most important development in the crypto currency movement: politics.
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