Current year has been bit worst for crypto coins. Apart from values, we have ICOs in the market with best projects. So what happened is the investment spill over too many ICOs and thus bitcoin value remained below $6.5K . This is another reason for all altcoins values remain under a threshold. Hope we have more investors pitch in investing into bitcoin.
I dont really think thats the reason. Come to think of it, people claimed that the price as of last was pumped by whales and thats why it got to the price rate of $19000+. So if thats true, Im guessing that the main reasons behind the price of being so low as $6000+ is. Because it was dumped.
And by the way this wasnt the price as of last it was below $6k. Many people even were complaining it was very high and needed to be corrected, so thats it it was either dumped or something like that.