{"id":8389,"date":"2018-06-30T22:11:13","date_gmt":"2018-06-30T21:11:13","guid":{"rendered":"https:\/\/english.thesunrisetoday.com\/?p=8389"},"modified":"2018-06-30T22:11:13","modified_gmt":"2018-06-30T21:11:13","slug":"bitcoin-hits-lowest-level-since-november","status":"publish","type":"post","link":"https:\/\/english.thesunrisetoday.com\/index.php\/bitcoin-hits-lowest-level-since-november\/","title":{"rendered":"Bitcoin hits lowest level since November"},"content":{"rendered":"<p style=\"text-align: justify;\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-7132\" src=\"https:\/\/english.thesunrisetoday.com\/wp-content\/uploads\/2017\/11\/Bitcoin.jpg\" alt=\"Bitcoin\" width=\"281\" height=\"179\" \/>The value of bitcoin slipped below the $5,800 mark Friday &#8212; its lowest levels since November as security and regulatory concerns overwhelm buyers.<br \/>\nAs the world&#8217;s most valuable and popular cryptocurrency, bitcoin fell to as low as $5,790 after it soared more than 1,300 percent during 2017 to end the year at $13,863.<br \/>\nLast year, it managed to climb to an all-time high of $19,892 on Dec. 17. Since then, the cryptocurrency lost around 71 percent in value and 58 percent since the beginning of this year.<br \/>\nConcerns about security and rising regulations have so far kept global investment banking firms and large money managers away from investing in bitcoin and other cryptocurrencies.<br \/>\nHowever, there are still sizable small- and medium-scale investors who find virtual currencies as an instrument for various reasons &#8212; from seeking short-term profits to taking investment out from Asian countries, or using it for illegal transactions.<br \/>\nMost Wall Street analysts liken bitcoin&#8217;s meteoric rise and steep decline to the dot-com bubble in 2000, or Dutch tulip mania in 17th century.<br \/>\nInvestment banking giant Goldman Sachs warned in January in a report that cryptocurrencies have moved beyond bubble levels in financial markets.<br \/>\n&#8220;We do not believe that these cryptocurrencies will retain their value in the long run in their current incarnation,&#8221; it said.<\/p>\n<div id=\"fb-root\"><\/div>\r\n<script>(function(d, s, id) {\r\n  var js, fjs = d.getElementsByTagName(s)[0];\r\n  if (d.getElementById(id)) return;\r\n  js = d.createElement(s); js.id = id;\r\n  js.src = \"\/\/connect.facebook.net\/en_GB\/all.js#xfbml=1\";\r\n  fjs.parentNode.insertBefore(js, fjs);\r\n}(document, \"script\", \"facebook-jssdk\"));<\/script>\r\n <fb:comments href=\"https:\/\/english.thesunrisetoday.com\/index.php\/bitcoin-hits-lowest-level-since-november\/\" font=\"arial\" num_posts=\"\" width=\"\" height=\"\" colorscheme=\"light\"  style=\"background:#FFFFFF;padding-top:0px;\r\npadding-right:0px;\r\npadding-bottom:0px;\r\npadding-left:0px;\r\nmargin-top:0px;\r\nmargin-right:0px;\r\nmargin-bottom:0px;\r\nmargin-left:0px;\r\n\"><\/fb:comments>","protected":false},"excerpt":{"rendered":"<p>The value of bitcoin slipped below the $5,800 mark Friday &#8212; its lowest levels since November as security and regulatory concerns overwhelm buyers. As the world&#8217;s most valuable and popular cryptocurrency, bitcoin fell to as low as $5,790 after it soared more than 1,300 percent during 2017 to end the year at $13,863. Last year, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":7132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,1],"tags":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts\/8389"}],"collection":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=8389"}],"version-history":[{"count":1,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts\/8389\/revisions"}],"predecessor-version":[{"id":8390,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts\/8389\/revisions\/8390"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/media\/7132"}],"wp:attachment":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=8389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=8389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=8389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}