"Although the price recovered slightly on Wednesday morning it has still collapsed dramatically since mid December, when it was trading at almost $20,000.Bitcoin price falls below $10,000 as dramatic sell-off enters second day
Fears of governments cracking down on digital currencies, combined with a wave of panic selling, have led many of them to drop heavily in the last few days. Bitcoin has fallen 25pc in three days while others including Ethereum and Ripple have also suffered heavily.
Authorities in China, South Korea and Germany have all indicated they are preparing crackdowns on digital currencies in the coming days. While Bitcoin's price has surged in the last year, many investors and financial regulators have continued to warn about its risk."
Wednesday, January 17, 2018
Bitcoin price falls below $10,000 as dramatic sell-off enters second day (The Telegraph)
For an optimistic perspective, see Bitcoin Price Fall: Investors Hold, Saying Cryptocurrency Crash Is a 'Yearly Pattern' (Newsweek)
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