In just a few days, the fall of digital currency bitcoin has a big fall

The price of digital currency bitcoin has dropped by one-third in less than one week.

On Friday, the price of this coin was only slightly lower than $ 11,000. But at the beginning of last week it was worth around 20,000.

Bitcoin prices reached record levels on Monday.

Since then, the price of this currency is 40 percent.

At the beginning of this year, the price of this coin was about one thousand dollars.

Since then, its value has increased. Especially since last November, prices of the rocket were rising.

Analysts recently warned people about investing in this currency. In the meantime, its prices have started to fall in the last few days. And still that fall continues.

Charles Hutter, founder of Cryptocompiezer, Cryptocarbonic website, said, "After the unprecedented rise of such things, it will be reduced somewhat because emotional changes have occurred."

He said, due to the high prices, a lot of people in the market are selling money by selling Bitcoin. As a result, now its price is falling.

On Friday the market has been very fast.

Image caption Bitcoin pricing

Under these circumstances, financial regulatory bodies have warned about the investment in Bitcoin all over the world.

Very little is understood about the source of this currency and the usage is very limited, and usage is very limited.

The Central Bank of Denmark warned everyone that this betake was a horrible gambling.

The UK's financial regulatory body warned investors last week to 'get ready to lose all the money'.

Andrew Bailey said that no central bank or any government is supporting this currency. As a result, the investment behind this bitcoin is not secure at all.