These past few days have been filled with ups and downs for investors who chose Bitcoin as their primary stock. The digital currency made headlines when it almost broke the $30,000 milestone for one Bitcoin, but the market quickly took a dive. Bitcoin’s value dropped to an all time low of $12,504 (this month) in only 12 hours and this shows just how volatile the cryptocurrency market can be.

Bitcoin Drops to $12,504

Bitcoin slowly but surely started dropping value and while most people thought this was just a temporary thing, it proved to be quite the opposite. The digital coin plunged over 20 percent in only 12 hours and its value dropped to $12,504.

Fortunately, Bitcoin’s value started growing after a couple of hours. The digital coin is now worth $13,545 and it seems like it might rise to around $15,000 in the upcoming days. However, this is still a nightmare scenario for any cryptocurrency investor.

Although, we need to mention that while Bitcoin took a huge plunge its still up by more than 1,300 percent in comparison with last year. These chaotic past few days make it clear that investing in digital stock is not for the faint of heart.

Ripple Grows

One the bright side of things, Ripple which is another digital currency is seeing a spike in value. Ripple managed to break the $1 milestone on Thursday and it already reached a record value of $1.30 as of now. The market value for Ripple is estimated around $39 million which puts it in the third place right behind Ethereum and Bitcoin.

Seeing how Ripple is the steadiest cryptocurrency, many stock investors might get interested in it and Ripple’s value will grow even higher. Nonetheless, let’s just wait a couple of days and see how the cryptocurrency market changes until then because its definitely not going to stay the same.