Bitcoin’s Price lowest in the 6 months

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Experts warn that he price of bitcoin is hovering around its lowest point since November last year and it might not come back up.

Bitcoin is currently trading at below $7,000 on major cryptocurrency exchanges, having fallen from around $11,500 in early March. At its peak in December 2017, one bitcoin was worth close to $20,000.

The dramatic price rises were driven by a significant surge in interest in the cryptocurrency late last year. Analysis from Barclays bank recently labelled that fast surge an “infection” — which behaved like a disease, and has now been treated.

Bitcoin’s recent price falls have been reflected across other cryptocurrency markets, with ethereum, ripple, bitcoin cash and litecoin all experiencing significant losses in recent months.