Here is the explanation, After a period of relative stability between USD 8000 and USD 9000. The value of butcoin fell to below USD 6800 today.

The stable price of this virtual money has shifted since mid-December when it hit a record high of more than 19,850 dollars. The value of bitcoin dropped shortly before Christmas by almost being at 2 thousand dollars in just one hour at a point. Also, almost slipped under 11 thousand US dollars.

Then its value goes back up, before falling again in mid-January and early February. In March the decline in bitcoin prices was below 10 thousand US dollars and reached a low of 6,500 US dollars, before soaring above 7 thousand US dollars.

Experts say the cause of bitcoin degenerates is the unclear prospect of regulation and a series of profile thefts have contributed to the decline in bitcoin values ​​in the cryptocurrency exchange. Google which released the announcement will prohibit cryptocurrency ads on its pages since June is also a major blow to the sector.

Meanwhile, last year's rise, bitcoin caused an increase in interest rates in other digital currencies such as ethereum, litecoin, and more. Now more and more people are looking for ways to invest in digital currency.

However there is a serious fear of bitcoin can explode at any time. Many financial experts have advised potential investors to avoid bitcoin and the United States Securities and Exchange Commission has notified the public to be careful of fraud.