Bitcoin sinks and reaches its lowest value in a year

2018 is not being a good year for Bitcoin. Since the beginning of the year, the cryptocurrency par excellence has seen its value have fallen dramatically. The various laws of the countries have caused problems in the currency. But today they have reached a new low, as they have reached their lowest value in a year.

Bitcoin sinks and reaches its lowest value in a year

The fall has caused its price to have dropped below $ 5, 000, and in this case it stands at $ 4, 463, at the time of writing this article. So this year's losses are already 65%.

Bad time for Bitcoin

This new drop in value comes after a period of calm in the value of the currency. Throughout the month of October, the value of Bitcoin had stabilized around $ 6, 400, which is remarkable considering the instability and uncertainty in the American stock market. But last week the problems for the currency began, when it was already 9% down.

A fall that comes after the hard fork in Bitcoin Cash, which has been separated into two versions this past week (ABC and SV). Also other cryptocurrencies such as Ethereum or XRM have suffered notable falls. The main cause of this fall is uncertainty in this market segment.

In this table you can see the value corrections that the cryptocurrency has had since 2012. And we can see that this is one of the biggest falls it is having, since today it has dropped from the 5, 187 dollars that marked yesterday. A bad time for Bitcoin.

It will be interesting to see how the value of the world's most famous cryptocurrency evolves, in addition to other currencies in this segment. Since the uncertainty seems that it is not going to go anywhere. We will be attentive to this evolution.

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