Bitcoin price crash: This is the reason cryptocurrency prices are plummeting | Express.co.uk

Express.co.uk recently spoke with Ryan Derks, an investor with years of experience under his belt who now runs his own federally registered fund specialising in cryptocurrencies, who was eager to explain why Bitcoin is coming down from such a dramatic high.

He said: “What happened with Bitcoin over the last three to four months is simple physics where there was just so much buying and the price went up so fast, so high, so quickly that it was unsustainable, it had to come down.

“Very much like when you pull a guitar string too high, it doesn’t just go to back to neutral, it has to release all of that excess energy. So what we’re seeing right now, in my opinion, is a lot of that excess energy falling out.”

Bitcoin saw a rapid decline of 30.9 per cent in January 2015 – the month has a history of being bad for virtual investments.

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Bitcoin price crash: This is the reason cryptocurrency prices are plummeting | City & Business | Finance | Express.co.uk.