It is the first time since 2015 that the bitcoin sagged right at the break of the year. On the first day of 2018 its rate on NYSE plunged to $13,624, Bloomberg informs. According to CoinDesk, which provides the most accurate bitcoin price based on an average from the world's top exchanges, BTC slid to $12,900 on January 1.
During the latest three trading sessions, the cryptocurrency lost nearly 5% of its value.
Let us get retrospective for a while. On January 1, 2017, bitcoin gained 3.6%; on the same date of 2016, it grew from $430 to $435; whereas from December 31 to January 1, 2015, the most popular cryptocurrency cheapened from $320 to $314.
Bloomberg says a strong start of 2017 was a turning point for bitcoin. It did make a splash attracting attention of investors and triggered a true frenzy. Just in a year the currency surged by more than 1,300% of its value, persistently posting new highs and hitting its all-time high at $20,000 on December 18 only to pare about 20% of its value 4 days later.
