Bitcoin price has plummeted by almost seven percent during trading on Wednesday, October 27th. At 11:09, one coin cost $58,132 (minus 6.9 percent compared to the opening of the trading session). At 11:30, Bitcoin was trading at $59,000.

On October 20, the bitcoin rate set a historic record, rising to almost $66,000 apiece. Aaron Chomsky, the head of the fund’s investment department in the ICB Fund crypto asset market, predicted that the bitcoin rate could rise to $100,000 by the end of the year due to rising inflation around the world.