Bitcoin fell below 9000$
Bitcoin has fallen below 9000$ mark, losing the entire value that it has earned since the end of November.
Bitcoin's value today fell to 8450$ at GMT 07:11 today, down 14.84%.
Bitcoin devalued more than 21% in the last three days and dropped back to it's lowest point since November 25th.
In addition market capitalization of Bitcoin dropped 25% in January which amounts roughly 45 billion $.
Bitcoin's investors seem to have concerns about government intervention and regulation in Asian economies. Also, chronic issues about crypto-currencies such as security and cyber attacks on bitcoin wallets are influencing Bitcoin's decline in value.
Last month, China, South Korea, and India announced that they would introduce new regulations for crypto-currencies.
On Sunday, 530 million $ worth of bitcoin was stolen from Bitcoin exchange company Coincheck in Japan via a cyber attack.
US investment banking giant Goldman Sachs warned last week that Bitcoin was trading at way above its real market value, and the rapid increase in its price could only be explained as a bubble.
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