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BITCOIN prices FALL again this morning as reports suggest Q1 of 2018 was the worst quarter in bitcoin’s history. What is the price of bitcoin? Will bitcoin crash again?


The bears remain doggedly present in the cryptocurrency market this morning as bitcoin slides again.

The coin dropped by 0.86 percent after a positive Monday outing to trade at $7354.07 as of writing.

Strategists continue to search for a hard bottom to the charts as bitcoin prices yo-yo.

The crypto-market was rocked this week with negative charts dominating the news.

Bitcoin dropped past the so-called death cross, a death sentence for most stocks, before bouncing back.

Will bitcoin crash again?
History shows that bitcoin is a resilient stock. It has dropped past the point where most would go bust on several occasions before bouncing back.

The rubber-banding coin has survived scares before, recovering from a dance with the death cross in 2015 before rocketing up to more than double its value within a week.

Reports suggest that 2018 could be a tumultuous year for the market, with Q1 not looking promising.

CNBC reported that more than $119 billion was shaved from the bitcoin to USD price in the first quarter of 2018, making it the worst in BTC history.


Despite a strong end to 2017, bitcoin plunged from $13,400 to less than $7,000 from January to March.

The coin has been hovering around the $7,000 mark for a week or two now and resilience is likely, but the scare has given investors reason to be fearful.

The entire market suffered a loss of nearly $10 billion in the first quarter as headlines hammered cryptocurrencies.

Regulation is an ever-present threat to the market, and crpyptos can't quite shake the hacks that have plagued them since inception.

News that Facebook would be pulling all adverts for cryptocurrencies also blew a hole in the hull, reducing prices further.

South Korean and Chinese governments have been seeking an excuse to clamp down on mining and trading for months, as well as the Bank of England calling for further regulation.

Bitcoin’s dark and murky past dealings with the Dark Web and its drug and crime related connections make for dreary reading.

Trader optimism can only stretch so far, but despite all that, it is hard to think that bitcoin won’t survive to fight another day.

Mid-April looks to be a strong month for cryptocurrencies, with the US tac deadline likely causing a mass sell-off.

Forecasters suggest it is still likely bitcoin could finish out the year on $20,000 as many corporations look to jump on the band wagon.