Bitcoin price plunges to around $31,000

Bitcoin price plunges to around $31,000
Bitcoin price plunges to around $31,000

Bitcoin plunged 5.38% to $31,429 in the past 24 hours. 

Bitcoin is the first decentralized digital currency created in January 2008. It is produced, stored, and spent electronically. The Central Bank does not exercise control over it, and it can be created by a massive amount of computing power with special algorithms. 

Mastercard operations may also be carried out with cryptocurrency. The Mastercard Corporation Vice-President Raj Damodaran said those at the helm of the company will approve use of some cryptocurrencies in Mastercard networks. 

Indonesian Central Bank banned any payments with Bitcoin and other cryptocurrencies. 

Foreign media says that the cryptocurrency may soon be conferred an official status.

Bitcoin and other cryptocurrencies will presumably be subject to some regulations. 

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