Taking nearly $ 220 billion in capitalization, Bitcoin goes through the worst quarter of history

So far this year, the Bitcoin currency algorithm has lost nearly 50% of its value. Compared to the $ 20,000 peak in December of 1977, the money has dropped by more than 60%.
The two biggest advances in the market, Bitcoin and Ethereum, have just passed through the first quarter with the worst price fluctuations in history. Along with that, the third-largest virtual currency -Ripple-saw the sharpest drop.
By the end of the first quarter, March 31, 1884, Bitcoin fell from $ 13,412 to $ 6,928, or 48%, evaporating to $ 119.9 billion, according to data from CoinDesk.

Earlier, Bitcoin's biggest drop was in the first quarter of 2013, when it lost 37.9 percent of its value, from $ 770 to $ 478.

Coindesk started tracking the price of Bitcoin copper since 2010.

Ethereal copper also lost 47.7 percent in value in the first quarter of 2018, down from $ 755 to $ 394, according to data from Coinmarketcap.com.

In the first quarter of 2016 and 2017, Ethereum fell by more than 1,100% and 550% respectively.

Of the three largest algorithms on the market, the worst performer was copper, which dropped 77 percent in value in the first quarter of this year. Ripples fell from $ 2.3 to $ 0.5, according to Coinmarketcap.com. However, this is not the worst of the virtual currency because before that in 2014, the price of copper ripple has dropped to 96%.

Since the beginning of the year, pre-market math has experienced several seismic storms under the pressure of control from governments.

Officials in China and South Korea are tightening regulations on forensics. In the United States, the Securities and Exchange Commission (SEC) is seeking to "legalize" this money market. Meanwhile, many central bankers have called for more regulations on the algorithm market.

Large online platforms such as Facebook Twitter and Google also banned the use of proprietary algorithms in an effort to avoid being involved in new types of assets. Both Reddit, a community platform familiar to mathematicians, also announced that it would no longer accept Bitcoin payments.

In addition, the amount of new capital poured into math is declining, meaning that the growth of this market will not be the same as last year, according to a recent report by Spencer Wheatley and Didier Sornette - two professors on risk ro business in ETH Zurich.

The reason for the decline in the price of the past has come from the sale of Bitcoin from the trust fund of Mt Gox - Japan's virtual bankruptcy trading platform. Over the past few months, the trust has sold up to $ 400 million in Bitcoin and Bitcoin Cash, to pay off its floor debtors. The fund said it will continue to sell more next month.