Bitcoin price in free fall as cryptocurrency plunges past seven-month low | The Independent

The price of bitcoin has hit a seven-month low, dropping by $400 over the last few hours to below $6,500.

Bitcoin’s price crash follows a hack on a cryptocurrency exchange earlier this week that resulted in a mass sell-off and also coincides with new research that suggests the value of bitcoin was artificially inflated in 2017.

The 2018 low comes after steadily decreasing prices since the world’s most valuable cryptocurrency hit a high close to $20,000 in late 2017.

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Bitcoin price in free fall as cryptocurrency plunges past seven-month low | The Independent.