In this year BTC low & low again. People's expectations are getting reduced and losses level increase. Some people are leaving the market and some are thinking about it. Exchanges hacking is also a problem. Due to which the investors have suffered significantly That's a disappointment.
Bitcoin dropped to the lowest level this year as pressure mounts on the embryonic digital-currency sector, with global central bankers raising questions of viability and government regulators increasing scrutiny.
Cryptocurrencies have been beset by a string of bad news.
Most recently was the “cyber intrusion” on the South Korean cryptocurrency exchange Coinrail this past weekend that appeared to result in a loss of an unknown quantity of digital currency. Bitcoin slumped 12 percent on Monday.The price of the digital coin fell as much as 4.6 percent Tuesday to $6,450.01, bringing the slide for the year to more than 50 percent. It’s down from a record high of $19,511 reached in December, the culmination of the more than 1,400 percent surge seen in 2017 as Bitcoin burst on to the mainstream.
The biggest virtual currency fell as much as 5.1 per cent to $5,832.68, piercing the previous low of the year of $5,920.72 that was set on February 6th, according to Bitstamp prices. That bought its decline from the record high of almost $20,000 reached in December to 70 per cent.
