Bitcoin hits a one-month low, sheds $800

The price of Bitcoin collapsed to the lowest this month attaining a value less than 8300 dollars. The Bitcoin Price Index of CoinDesk plunged down by 1000 dollars to 8287.98 dollars. The trading on Wednesday commenced at 9144.15 dollars, according to BPI statistics, and inches slowly towards 8000 dollars. Recently, Bitcoin’s price has wavered between values more than 10000 dollars and less than 9000 dollars.

Currently, the trading of Bitcoin is going on at 8308.82 dollars, which represents a dip in price by about 9.1% since the trading began for the day. On the 13th of February, the price of the crypto currency Bitcoin, dropped to a value of 8370.48 dollars, as reported by CoinDesk.

The erratic volatility in the price of Bitcoin got reflected in the different cryptocurrencies in the global market of crypto currency exchange and trading. As claimed by the statistics by OnChainFX, that keeps track of cryptocurrency prices, the worth of the 20 most popular cryptocurrencies had fallen by market cap on the same day. The coins that suffered the worst collapse are Neo Gas and IOTA, whose prices dipped by about 15% and 13.3% respectively.