Question

If Bitcoin's share price crashed, from $60,000 to $19,500...what was the percent of decrease?

Answer 1

67.5%

Explanation:

To calculate the percentage decrease in the share price of Bitcoin, we can use the following formula:

Percentage decrease = ((original value - new value) / original value) x 100%

Here, the original value is the share price before the crash, which is $60,000, and the new value is the share price after the crash, which is $19,500.

Substituting these values into the formula, we get:

Percentage decrease = ((60,000 - 19,500) / 60,000) x 100%

= 40,500 / 60,000 x 100%

= 67.5%

Therefore, the percentage decrease in the share price of Bitcoin is 67.5%.