Bitcoin Plunges Nearly 20% as Investors Search for Signals

Bitcoin's price has existed on the degeneration for several weeks, and it appears to be mastering close to a substitute tropical.

The cryptocurrency hit its smallest position in two times on Wednesday morning, falling below$,000. Bitcoin is now down further than 40 percent from its peak in December 2017.
Bitcoin's price reached a high of$,783 onDec. 21, 2017, according to CoinDesk data. Its current value is$,369 a drop of further than 50 percent since also.

The digital currency has been under pressure lately as major Wall Street banks including Goldman Sachs Bank, Citigroup and JPMorgan Chase have blazoned plans to begin trading bitcoin futures contracts starting coming time. The move by Wall Street banks could increase demand for the cryptocurrency and potentially see it rise in value again.