Is the bitcoin balloon cracking?
The value of bitcoin dropped to $ 9,958 and then slightly increased again, according to the index of the Coindescu news portal.
That sank nearly 50 percent from a record $ 19,800 recorded five weeks ago.
The sharp fall in the past 24 hours was also recorded by other crypts, including ethereum, ripple, litecoin and bitcoin cash.
Some experts are trying to form balloons on the market because of the investor's insecurity on assets they do not even understand.
It is known that it is difficult to reliably determine what causes changes in the value of bitcoin that has so far oscillated significantly more strongly than most traditional currencies and commodities, but the possible reason for the current fall is fears that regulators will restrict trade in that digital currency, the BBC suggests.
Especially in this context, South Korea pointed out signs that it could take some measures.
"The government's attitude is that it must regulate investments in crypts, since they are largely speculative," Finance Minister Kim Dong-yeon said in a radio interview yesterday.
"Closing the platform for trading with virtual vouchers is still among the options (which are available to governments)," he added.
This week, the Financial News Agency Bloomberg also reported that the Chinese authorities are planning to restrict access to trading platforms for cryptoworks after they have already taken measures to limit bitcoin mining, or a transaction verification procedure.
Investors may have frightened the announcement of Bitconnect that it will close the lending and exchange platform of the bitconnect coin whose value has fallen steadily since this release, the BBC noted.
Last Wednesday, influential investor Warren Buffett predicted new digital currency trouble, although he did not indicate exactly when they could perform.
"In general, when it comes to crypts, I can almost certainly say that it will end badly," Buffett told CNBC.
"I can not say when this will happen, nor anything else," he added.
By contrast, the price of shares of Kodak's photographic equipment maker has risen sharply since it announced its cooperation with two companies linked to crypts, the BBC reports.
Cryptoway value for January 18, 2018
Market analysis suggests that value could move in any direction, and recent regulatory movements - outside of South Korea and China in particular - could further disturb markets, according to some observers. However, yesterday's value began with a figure of $ 14,712.82. Bitkoin yesterday opened a stock exchange with a value of $ 14,313.41, where it fell to $ 10,347.28 at about 15:30 in the afternoon. Today the situation is improving and the bitcoin has started ascending path and its value is 11,372.78 dollars.
This fall in bitcoin is in the midst of a wider fall in crypto markets. Data from CoinMarketCap show that many of the most important crypts remain a red zone in the past 24 hours, including an ethereal that has fallen below $ 900. The worst BitConnect crypto-switch, which has fallen more than 90% due to news that the company behind it has begun to close its exchange platform amid waves of criticism and regulatory control. Collective market capitalization of all crypts, it seems, fell from yesterday more than $ 200 billion. The second biggest market capitalization encryption, etereum, opened the stock market yesterday with a value of $ 1,325, while its value was somewhat later at $ 1,055.42, to fall to $ 874.9979 at about 15:30. Today, the situation is improving, so it opened with a value of $ 1,026.
Interestingly, the big downfall which started yesterday seriously shook the market. Top 20 crypts are reported to fall, most of them over 13 percent. The popular Ripple has dropped by over 25 percent. The extent of the fall was serious, according to the data that at one point the total value of the crypto-market market from $ 710 billion fell by almost 200 billion - to $ 536 billion. It should not be forgotten that the market recorded a similar decline not so far - in December 2017, when the value of bitches from almost 20,000 fell to $ 10,800. Still, if we look at the image compared to last year, the market of cryptoworks is still excellent, because on January 16, 2017, the market value was just under $ 16 billion, which, compared to yesterday's $ 554 billion, continues to be excellent annual growth .