Bitcoin’s value has hit a three-month low of $5,995

Only yesterday, I wrote a story about Lloyds Banking Group banning its customers from buying Bitcoin, amid fears about its stability.

Bitcoin’s value has hit a three-month low of $5,995

Last week was Bitcoin’s worst in almost five years – seeing its value fall below $8,200 – but now things have gone from bad to downright awful for the cryptocurrency.

According to, it’s down a further 12.49%, hitting a three-month low of $5,995.58 this morning. To put that in context, only a month ago one Bitcoin was worth more than $16,000.

Of course, the cryptocurrency is still flying high relative to its value of $1,052 this time last year, but since hitting an all-time high value of $19,343 on 16 December, it’s been on a rapid decline.

In the same period, other cryptocurrencies have had mixed fates. At today’s open, Litecoin was more than 50% down on its 16 December value, at $125.01. Etherium, on the other hand, was less than 2% down, at $697.24.

It’s impossible to predict how much further the cryptocurrency will crash, but one Reddit user used an edited version of a famous scene from The Simpsons to sum up its fate so far.

Yesterday was also a terrible day for the Dow Jones, seeing its largest one-day points fall in history. This morning, The Guardian reports that shares in the UK and Europe have also suffered “heavy losses” on opening, with the FTSE 100 falling 3.5% and markets in France, Germany, Italy and Spain also down by more than 3%.

Disclaimer: Some pages on this site may include an affiliate link. This does not effect our editorial in any way.

Todays Highlights
How to See Google Search History
how to download photos from google photos