The price of Bitcoin fell below $6,000 on Tuesday morning, Coindesk data shows.

Bitcoin fell to $5,996, having lost a quarter of its value in one day; by 10:37 the price had recovered to $6,040.

On the Coinmarketcap trading platform, the value of the most popular cryptocurrency also fell by a quarter, approaching $6,000. At the time of publication, Bitcoin is trading around $6,136.

Senior market analyst Centtrip predicts a further decline in the value of Bitcoin to the next technical level of $5,000, he was quoted as saying by Reuters. Kyle Samani from Multicoin Capital, in a commentary to Bloomberg, noted that the current decline could balance out the rise in price of Bitcoin in November–December 2017.

Bitcoin is falling in price amid the decision of the largest US banks JPMorgan Chase, Bank of America, Citigroup and the British Lloyds Bank to ban the purchase of cryptocurrencies using credit cards.

In December 2017, the price of Bitcoin reached an all-time high, crossing the $20,000 mark.