Bitcoin exchange rate fell significantly at the beginning of the year

Published on January 05, 2015

Bitcoin exchange rate fell significantly at the beginning of the year

    2015 did not start very well for Bitcoin - the currency suddenly fell below the $ 300 mark and continues to fall. Along with the cost, the number of transactions falls (according to blockchain information).

    Price Chart (Last Year):


    Chart of transaction volumes:


    It is not clear what caused such a sudden drop, because no unpleasant events were recorded. The decline in the cost of BTC in the short term is not so scary - it can be unpleasant except for mining farms. There is a possibility that outflow of funds occurs in connection with the desire of speculators to play in other currencies markets.

    In the meantime, one can only hope that every fall should be followed by a rise, and perhaps now is the time to buy some bitcoins. So Tim Draper , a venture capitalist who invested in bitcoins, advises taking while hot: