The digital currency bitcoin-in is falling as more investors begin to question whether it is real or a bubble.
The digital currency Bitcoin-in plunged to a three-year low Friday, falling from $3,000 on Friday to $2,000 after trading at $3.20 on Friday morning.
The decline came amid the broader economic turmoil, which has seen the Dow Jones Industrial Average drop more than 50% since the beginning of the year.
The dollar-denominated bitcoin gained as much as 0.1% to $3,-846.63 a coin in early trading, after trading up about 2% Friday.
The digital-currency’s value has fluctuated in recent weeks.
Bitcoin was introduced to the cryptocurrency market by a hacker last year and was intended to act as a means of anonymous and untraceable exchange for financial transactions.
It was later stolen from an exchange operated by a private company.
It is a digital currency that exists in a blockchain, a decentralized database that is decentralized.
Bitcoin has been traded for about $1,000 per coin since its introduction in late 2013.
The currency has gained more than $4 billion since then, and the value of the digital currency has more than tripled over that time.
The cryptocurrency has been around since 2014 and has gained popularity in the United States, including for its ability to transfer money without any third-party processing fees.