Tag: Hacking


Five Theories About Why Crypto Prices Keep Trending Down

At the start of 2017, a single bitcoin was valued at less than $1,000, yet by mid-December it had almost hit $20,000. Investors were pouring into the space, Initial Coin Offerings (ICOs) were being launched left, right and centre and – given the limited supply of bitcoins that can ever exist – some market commentators were making wild predictions about how high the value of this asset would ultimately go.

But despite starting the year at around the $15,000 mark, the price of bitcoin has fallen to $6,671 at the time of writing and other major cryptocurrencies have suffered a similar decline. So what went wrong?