After last week investors got shocking news about the fall in the value of Bitcoin, the lowest since last October 2017, now the news is getting tense.
Reported by CoinDesk, on Sunday the value of Bitcoin has increasingly fallen to touch the lowest price since September 2017.
The largest digital currency was closed at a price below $ 4000, compared to $ 4951 in the previous week.
According to data from CoinDesk, the value of Bitcoin touched $ 3477.58 last week, losing its value to 32 percent.
Even though at the end of 2017, the value could reach $ 20 thousand, and make this mining cryptocurrency bloom among the public and become a new trend.
It turns out that in addition to Bitcoin, other digital currencies also experienced a severe decline in value, so that no one was profitable during this tempest.
Some other currencies, such as the XRP, fell as much as 10.4 percent from its opening, as well as Etherium which fell as much as 7.5 percent.
As for Litecoin, this digital currency fell in value by 6.7 percent according to a report from CoinDesk.
The closing of sales at the end of this week turned out to be the biggest week of losses since April 2013, at which time Bitcoin dropped to 44 percent.
There seems to be a huge increase in mid-November 2017 to December 2017, from $ 6088.35 to $ 19326.49 indicated by market manipulation.
This was also the target of an investigation by the Justice Department of the United States, to see whether there were indeed those who deliberately carried out the manipulation for personal gain.
But it seems that the Bitcoin value freefall still does not shake investor confidence.
Cryptocurrency is the future money, and smart investors will strengthen their position by buying more when the value is low, for future profits.Your Remaining Votes (within 24hrs) : 10 of 10