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Bitcoin price in free fall as cryptocurrency hits seven-month low

“Despite the latest price crash, some enthusiasts remain optimistic that bitcoin’s value will rebound” writes Anthony Cuthbertson for The price of bitcoin has hit a seven-month low, dropping by $400 over the last few hours to below $6,500.Bitcoin was trading at around $600 at the beginning of the week, before news that South Korean cryptocurrency exchange Coinrail caused its price to drop.The Independent’s bitcoin group on Facebook is the best place to follow the latest discussions and developments in cryptocurrency.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.

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