It seems there’s no end in sight for Bitcoin valuation turbulence, with the world’s best-known cryptocurrency seeing its most dramatic drop in value over the past 10 months in just one day.

On Thursday 21st Bitcoin ended 13% down by EOP. Many experts are claiming this is an anomalous dip, and that the currency will regain its value swiftly.

This drop in value has nullified almost all year-to-date gains, bringing the Bitcoin 2021 total increase in value to just +6%.

This is a devastating blow considering the cryptocurrency’s tremendous boost in value to around 42,000 USD earlier this month.