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.
The prices are down by almost 60% within few days and all this is because of negativity and government warnings in different countries which is causing dump situation in market as prices are being manipulated but bitcoin is not dead and it will recover soon and come on the track once again so just have faith and be patient.It is the time for the investors to grab the opportunity and gain profits in the long run.