The Bitcoin bubble may be over.

Price drops below $6500

In a simultaneously surprising and unsurprising move the value of Bitcoin has crashed to its lowest point since November, dropping below the $6500. It has even continued to drop almost $50 since I started writing this article!

Many experts believe this crash was caused by a large number of banks banning their members from using their cards to buy cryptocurrency. A large number of Governments trying to regulate the use of cryptocurrency may also be to blame for the crash.

As of right now it is unknown how hard this crash will impact other cryptocurrencys but the price of ETH and other popular cryptocurrency’s has dropped so I would play it safe and avoid any large investments in the cryptocurrency market for the  foreseeable future.

 

Sources:

Ars Technica

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