The value of bitcoin has seen enough losses over the last months, moving between $6,000 and $9,000. If it continues its poor form, it could fall below $5,000 in the coming days.
Cryptocurrency prices have been highly droppped with bitcoin, falling in lockstep for beginning 2018.
That could be coming to an end as markets begin to understand the major differences between cryptocurrencies and their selectiveness, says Ripple CEO Brad Garlinghouse.
The volatile cryptocurrency’s price has shifted wildly ever since mid-December - when it hit a record high of more than $19,850 (£14,214) - with frequent heavy drops and speedy recoveries. Its price get back to earth in January and February, as governments and central banks around the world band the use of bitcoin of future regulation.
Bitcoin’s value plummeted again shortly before Christmas, dropping by almost $2,000 (£1,449) in just an hour at one point, and almost slipping below the $11,000 mark (£7,970).
"It's early, over time you'll see a more rational market and behaviors that reflect that," Garlinghouse says.
