Bitcoin’s highest price over the last 52 weeks was around $1,100, and now the Bitcoin Value has dropped to its lowest value over the last twelve months.
The Bitcoin Value on average is now under $400, according to Bitcoin Average, the average price of the digital currency is now at $388.
The latest drop in the Bitcoin value has apparently been driven by new from China, relating to the Chinese governments crackdown on Bitcoin.
The amount of Bitcoin transactions have also fallen slightly in the last few weeks, which could have also lead to the drop in the Bitcoin Value.
This of course does not mean that the price of Bitcoin will not increase in the future, and we could see high values for the digital currency once again some time in the future.
Source TechCrunch, Techmeme
Filed Under: Technology News