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How much is 1 bitcoin worth in dollars?
It is noted that Bitcoin could fall much lower before recovering.
Cryptocurrency prices have collapsed after a huge rise following Donald Trump's victory in the US elections. The price of Bitcoin collapsed to around 90 thousand dollars per coin.
Forbes writes that the price correction for cryptocurrencies “erased” about $200 billion. Traders are nervously watching what happens to Bitcoin after crypto billionaire Michael Novogratz warned that the price could fall as low as $80,000 before bouncing back.
“Almost the entire cabinet owns Bitcoin and is a proponent of digital assets,” Novogratz said.
However, he believes that Bitcoin will eventually break the $100,000 mark per Bitcoin.
“Usually when you reach 100…
