At the moment, Bitcoin is valued at $8,200 as against it's $15,000 mark a few months back.
On this horrible slide of cryptocurrency, bitcoin, ether, litecoine and Ripple have not been spared. However, this fall, I believe is strongly related to the increase in the popularity that virtual currencies have garnered, leading to the possible placing of stern rules and regulations on cryptocurrenies.
In fairness to the different regulatory bodies, there has been a significant rise in ICO scams leading to flunctuation. In the USA alone, over $2 million has been swindled of the hands of unsuspecting crypto owners.
In conclusion, despite cryptocurrency's huge fall in values, many quarters still believe that bitcoin will still rise enormously before the end of this year. I guess, a strong word of advice for all folks that still have bitcoin should be:Stay fixed because there's going to be a sudden turnaround...
