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Bitcoin Value Takes a Significant Hit

by Kevin Hua, April 5, 2018May 30, 2018

Bitcoin Value Takes a Significant Hit

Find out why bitcoin recorded its worst first-quarter price performance in history.

This information does not take into account your personal objectives, financial situation or needs. You should consider if the relevant investment is appropriate having regard to your own objectives, financial situation and needs.

The disappointing first quarter results come as the cryptoasset industry faces increasing regulatory scrutiny, and tech giants like Google, Facebook, and Twitter crack down on cryptocurrency advertising.

A market in decline

According to CoinDesk, Bitcoin fell from US$13,412.44 to US$6,928.85 in the three months ending 31 March 2018 – marking more than a 48% decline.

Bitcoin’s last significant Q1 value decline was in the first quarter of 2013; the cryptocurrency leader fell 37.9% from US$770.44 to US$478.72.

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