Earlier this week the price of Bitcoin was close to $20,000, the digital currency has seen massive gains in recent weeks. It would now appear that the price has seen a correction as it recently dropped below $13,000.
At the time of writing, Bitcoin is sitting at $13,467, this is still considerably higher than it was a the start of 2017. In January the price of Bitcoin was around $1,000, so it has seen massive gains throughout the year.
Many other crypocurrencies have dropped as well, Ethereum has dropped 27.4 percent, Bitcoin cash down 36.3 percent and Litecoin is down 29 percent.
The price drop across all the cryptocurrencies has wiped $179 billion from the total market capital, this now stands at $471 billion.
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