The Bitcoin continues to go down fall under $7,000
The steep fall of the Bitcoin continues. The cryptocurrency fell below $7,000 for the first time since last November.
At the same time, on December 8, the cryptocurrency reached a historic peak of more than 23% and reached a value of $18,000. However, in January, Bitcoin had the worst monthly drop since the last five years!
Concerns about rising regulations, and even the ban on trading in individual markets, continue to keep cryptocurrency prices down.
Meanwhile, banks in the United Kingdom and the United States have announced that they are prohibiting the purchase of Bitcoins and other cryptograms with credit cards because of fears that a sharp drop in their value could lead to their customers being unable to pay their debts.
Facebook’s earlier decision to ban its social network of ads for the sale of cryptocurrency also has a negative impact on the course. CryptoLights, tracked by Coinmarketcap, have lost more than $500 billion in market value since early January. We should not forget, however, that a year ago the Bitcoin traded for about $1,000.
Fellow cryptocurrency Ethereum, meanwhile, is also now in the red for the year. Once considered the only cryptocurrency of three—Bitcoin, Ethereum, and Ripple as ranked by market cap—to have made gains in 2018, Ethereum shed some 15% in the past day and now rests at $748. Ethereum is down roughly 1% year-to-date. Ripple is down 67% in the same period to 73 cents, while Bitcoin is down 48%.http://gizbrain.com/2018/02/07/bitcoin-continues-fall-7000/https://i2.wp.com/gizbrain.com/wp-content/uploads/2018/02/Bitcoin-GettyImages.jpg?fit=1200%2C628https://i2.wp.com/gizbrain.com/wp-content/uploads/2018/02/Bitcoin-GettyImages.jpg?fit=210%2C110TECH NEWSBitcoin,cryptocurrencyThe steep fall of the Bitcoin continues. The cryptocurrency fell below $7,000 for the first time since last November. At the same time, on December 8, the cryptocurrency reached a historic peak of more than 23% and reached a value of $18,000. However, in January, Bitcoin had the worst monthly...John GreenJohn GreenJohngreen@gizbrain.comContributorJohn Green is a writer at GizBrain.GizBrain - Your Tech Brain