Bitcoin value fell below $3500 for the first time since September 2017. Last month, the cryptocurrency fell by 49%.
Illustration REUTERS

On the morning of 7 December the average price of Bitcoin fell to $3380, the last time the same low it was September 15, 2017. Now the cryptocurrency is trading at $3410, last month, it fell by 49%.

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Most digital money has lost a significant part of the cost, total market capitalization fell to $106 billion, while in January 2018, this figure exceeded $830 billion, says RBC.

The rate of the token XRP from the Ripple of the company decreased to $0,30, it remains 20% higher than the annual low of $0.25, which was established on 12 September 2018. At the same time, a few hours ago Ethereum cost fell to 19-month low at $83, then increased, and at the moment it is $87.

Informed analyst Mike McGlone predicted the fall of Bitcoin exchange rate to $1,500. According to the head of the Japanese FINTECH companies Quoine Mike Kayamori the cost of the first crypto-currencies will fall before the end of 2018, but next year it will rise above the historical maximum of $20 000.