Article 3S0VF Bitcoin has lost more than half its value since last year’s all-time high

Bitcoin has lost more than half its value since last year’s all-time high

by
Cyrus Farivar
from Ars Technica - All content on (#3S0VF)
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Enlarge / Hydro-Qui(C)bec's Bersimis-2 dam in Baie Comeau, Qui(C)bec is pictured on January 20, 2018. (credit: David L. Ryan/The Boston Globe via Getty Images)

On Sunday, the price of Bitcoin continued to fall, losing 5 to 6 percent of its value.

According to CoinMarketCap, since an all-time high of near $20,000 per bitcoin on December 17, 2017, the cryptocurrency has lost more than half of its value, currently trading at around $7,200.

Overall, Bitcoin's price is up by about 150 percent compared with this same time last year, when it was trading around $2,800.

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