Bitcoin dropped 30 percent, prices of sudden fall after heavy profits

At the beginning of this month, the prices of bitcoin, which earn money from investors, with sharp bounce, have dropped steadily a sudden. Bitquine rate has declined by 30 percent in this week. According to a report, on Friday alone, rates have dropped by 15 percent.

The decline in the last five days has reached 13,000 on Friday. Before that on Sunday, the price of bitcoin has fallen by more than one-third in the price of up to $ 20,000.

Earlier this year, BitQuinn's popularity had increased so rapidly that in the last one year, its price jumped up to 1300 per cent. But, the fast Bitquine fall in recent times is not good for this crypto currency.

Regarding this cryptocarriage, the Governor of Japan Bank said on Thursday that Bitquine is not acting as a common currency. There are clouds of apprehensions on this. Let's say that at the beginning of this year, the cost of this cryptic currency, which has been trading at less than US $ 1,000, grew strongly, and on Sunday it reached the level of $ 19,666.

However, bitcoin has continued to flutter since Sunday. Bitcoin dropped more than 20 percent on Friday and is currently trading at a level of $ 12,560.

Talking about one-day business, this is the biggest drop in bitcoin in the past three months. Bitcoin in the one-week business could be the biggest fall since 2013.

The founder and chief executive of the Cryptcompany website said, "In the end of the year, most investors want to take away their profits. This is the reason that before the Christmas and New Year, there is a sharp decline in Bitcoin.