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LONDON.- The value of B itcoin fell this Friday to its lowest level since November as the decline in investor interest and recent negative statements by regulators world prices have weakened demand for cryptocurrencies.
The virtual currencies including the largest and best known, the Bitcoin, are plunged into a downtrend for most of 2018 after frenetic interest from year to year the past has begun to thin.
Recent piracy and "cyberintrusion" among cryptocurrence operators in major Asian markets also encouraged investors to leave the industry.
Bitcoin plummeted to $ 5,791.19 on the Bloomberg platform its lowest share since November 12, 2017. In its latest quote, at 12:45 pm local time, the Mexico City falls 2.64 percent to 5 thousand 891 dollars.
Up to 2018, bitcoin lost about 60% after climbing more than 1,300% the year before . And it has subtracted 70 percent since its peak in December.
Other cryptocurrencies were also depreciated on Friday . The Ethereum Ether the second-largest cryptocurrency in value, is down 4% to $ 416, its lowest level since April. Ripple 's XRP also lost 4%, to $ 0.44, its year – round low according to Coinmarketcap.com.
"The frenzy that surrounds 'crypto's' is dimmed and prices have gone down," said Will Hobbs, director of Barclays Smart Investor . "Currently, no cryptocurrency meets the criteria that invertible assets should have and we will continue to recommend extreme caution." The collapse of cryptocurrencies is not over yet.
The Bank of England warned banks and insurers on Thursday to be wary of cryptoactives, as they can be highly volatile and vulnerable to fraud.
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