The value of Bitcoin falls below 6 thousand dollars

The value of bitcoin has fallen to its lowest level since November while the demand for cryptocurrencies has decreased derived from the lower interest of investors and negative statements from global regulators.

Virtual currencies, including bitcoin, are plunged into a downtrend for most of 2018, after

Recent hacks in cryptocurrency operators in markets Asian key investors also encouraged investors to leave the sector.

Bitcoin dropped to a low of $ 5,774 on the Bitstamp platform, its lowest level since November 12. In his latest quote advanced by 0.7 percent, to 5 thousand $ 891.

Up to now in 2018, the bitcoin lost about 60% after climbing more than 300 per cent the year before. And it has subtracted 70 percent since its peak in December.

Other cryptocurrencies were also depreciated. 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 minimum of the year according to Coinmarketcap.

"The frenzy surrounding the" crypto "is dimmed and prices have gone down," said Will Hobbs, director. Barclays Smart Investor. "Currently, no cryptocurrency meets the criteria that invertible assets should have and we will continue to recommend extreme caution.The cryptocurrency collapse is not over yet."

GGA