Bitcoin has fallen below $8,500 and is worth half as much as in December

Bitcoin continues the fall that began at the beginning of the year - its rate fell by 15% in a day and at 14:00 Moscow time it was $8207. The fall after the December highs of $20,000 is already more than 50%.

• The situation is similar with all other cryptocurrencies - for example, ether fell by 20%. In the entire top 100 , only one currency is getting more expensive, and by almost 50% - DigixDAO, which is a token backed by physical gold (you can read more about it here ).
• Against the background of the fall of bitcoin, its share in the total capitalization of the cryptocurrency market dropped to about 35% (in the spring of 2017 it was more than 70%). In general, since the beginning of January, the volume of the cryptocurrency market has fallen from $628 billion to $392 billion, although there have been sharp rises in the process with a peak of $830 billion.
• The reasons for the fall are the same - negative news about new government bans. Of the latter, the outlawing of cryptocurrencies in Indonesia, as well as tightening regulation in the largest markets, in China and South Korea.
• At the same time, the market is massively leaving small investors who entered it during the December boom.

What do I get from this?

As always with cryptocurrencies, it is not clear if the time is right to invest in it. But, as the DigixDAO example shows, you can still make good money on market volatility - if you navigate it very well.

Artem Gubenko, The Bell