Many government has said it will tighten virtual currency management, causing Bitcoin prices to fall below 9,000$.
Bitcoin prices traded on Coinmarketcap at 8:40 am on Feb. 2 were around 8,779.76$, losing more than 14 percent of yesterday's value.
Compared to the peak set in December 2017, Bitcoin lost more than 60% of its value.
compared to the peak set in 2016 bitcoin have gain more. don't just focus on the present you have to look back at the past because it will change the way your thinking. many have buy bitcoin during in it highest hoping it will give quick profit now that it is dumping they also start selling it. some big group/holder can manipulate price to their own will and maybe they are starting a big plan this year.