Fxpips.com ? Bitcoin has shed more than 14 percent of its actual value, between Wednesday and Saturday this week, to end below $365 for the first time since mid-December 2015. This indicates a big decline from digital currency?s net increase of 36 percent in the same period, making Bitcoin the best performing currency last year.
This despite the fact that world stock and money markets were all at that same time shifting in the red zone as a result of the effects of China?s economic woes, a scenario that would have triggered the price of virtual currency on an upward trend.
There has been a lot written with regards the so-called ?demise? of digital currency of late.
Bitcoin has either run out of steam, or is on the brink of ?death?, according to an opinion column published in The Washington Post, The New York Times, The Guardian, among other top publications.
All of these articles largely focused on the decision of a key software developer ? Mike Hearn ? in the digital money community to leave the currency behind.
http://www.fxpips.com/bitcoin-is-alive-and-kicking-and-not-dying-as-what-most-media-firms-have-reported/
