The price of bitcoin is plunging, amid fears that the cryptocurrency mania that gripped the world in recent weeks is over.
Over December, the price of bitcoin and other digital currencies surged to record highs, leading many people to attempt to make their own money. But the value is now plunging, apparently amid fears that the market is being manipulated, that currency could be stolen through heists, and that countries around the world are about to bring in regulations on how bitcoin can be used.
Those worries have led bitcoin to plunge nearly 13 per cent overnight. That brings it to a nearly 25 per cent fall over the last week, and a drop of 44 per cent over the last month.
Follow back @balikis