3 Charts to Know: Bitcoin Plunges Below $7000

The video discusses the current state of Bitcoin, which has fallen below $7000, and compares it to gold's performance. It highlights the impact of negative news, such as North Korea's alleged attacks on South Korea's cryptocurrency exchanges and US banks restricting cryptocurrency purchases. The video also reviews historical Bitcoin crashes, noting that despite significant drops, Bitcoin has always reached new highs. Finally, it compares Bitcoin's performance with other cryptocurrencies like Ethereum, Litecoin, and Ripple, all of which have also seen declines.

What is the current state of Bitcoin as mentioned in the video?

• Bitcoin is stable at $7000.

• Bitcoin is not mentioned.

• Bitcoin is below $7000.

• Bitcoin is above $7000.

How has Bitcoin's value changed since the start of the year?

• Increased by 1.6%

• Increased by 50%

• Decreased by 50%

• Remained the same

What was the worst decline in Bitcoin's history according to the video?

• 86% in 2013

• 50% in 2014

• 92% in 2011

• 65% in 2018

What major event in 2014 significantly impacted Bitcoin's value?

• Bitcoin halving

• Introduction of Ripple

• Mt. Gox bankruptcy

• The rise of Ethereum

Which cryptocurrency experienced a decline of about 65-70% over the year?

• Ripple

• Litecoin

• Ethereum

• Bitcoin