Fluctuation in the price and performance of Bitcoin continues; Stands at $32,164.30

Bitcoin has taken multiple hits this year and the last thereby its fluctuation from positive to negative and then back has been observed for a few sessions now. Tesla’s statements and its suspected usage of Ransomeware attack on some organisations have a major role to play in the setback. And with China on a roll to strike off all local cryptocurrency mining sites, Bitcoin has had quite a rough time all in all.

It reached $40,000 majorly due to Tesla’s announcement that they will once again be accepting Bitcoin but the high did not last very long, the price is $32,164.30 as of now.

“Thirty-thousand, we’ll see if it holds on the day. We might plunge below it for a while and close above it. If it’s really breached, $25,000 is the next big level of support. Listen, I’m less happy than I was at $60,000, but I’m not nervous,” said Mike Novogratz, CEO, Galaxy Digita.