The price of Bitcoin has dropped by more than 50% since the beginning of the year.
The price of Bitcoin has dropped by more than 50% since the beginning of the year, but why is this happening? The crypto-currency was originally invented in 2009 as a way to transfer money without needing a bank. The value of Bitcoin started to rise in 2013, but it wasn’t until 2017 that it really took off. However, 2018 saw a huge drop in its value and now it’s fallen even further.
As well as this, other cryptocurrencies have also been falling in value. These include Ethereum and Ripple. This isn’t just happening with digital currencies though – even shares are falling too. As well as this, there are several other factors that could be contributing to the current fall in value.
