According to data from Google Finance, the price of Bitcoin is seeing itself go below more than half of its all-time high, $66,000. At the time of this writing, the cost of 1 Bitcoin is $30,635. The reasons for this fall in market price are still unclear. Still, reports from an interview with a local Bitcoin analyst highlight the uncertainty investors exhibit due to government restrictions, usage, and acceptability of cryptocurrencies. As a medium of exchange in some countries, this is a big deal. Some sources say the fall of the price is due to the Do Kwon debacle and other highly leveraged, speculative trades on the 10,000 plus Alt-coins.
