In the last 24 hours, the price of Bitcoin drops the value of mid $6,000. Making a report from the last seven months, the price of Bitcoin in the right moment is the lowest value. The price of $6,000 is far cry from the close value of $20,000 per piece.

Not only Bitcoin was affected after this drop. Other cryptocurrencies have decreased in value after the drop of Bitcoin. Bitcoin went down with 4% in the last 24 hours, while Ethereum, the second-largest cryptocurrency, went down over 9%.

There are many researches about the evolution of Bitcoin. Since the beginning of the year, Bitcoin has dropped slowly. Even so, many traders are still hopeful about Bitcoin to hit again the value of late 2017 market highs. On the other hand, there are many people that doubt about the market’s growth. Many issues as insider trading, federal investigation, and questions of regulation took advantage in the right moment.

Bitcoin drops the lowest value in the last months

The last value drop of Bitcoin is not about the usual peaks and troughs of Bitcoin trading. Because of the $28 million heist from one of the biggest South Korea’s exchanges, Bitcoin dropped its value after this weekend.

The recent attack from South Korea was posted on Twitter on June 10, 2018, and immediately after this post, the Bitcoin has an evident drop. The police opened an investigation about the attack and they are working with the exchange to find the intruders. The police are using the history of servers to find the hackers. The attack didn’t affect more than 70% of the coins, and the rest of 30% have been moved on the offline site.

These attacks stimulated the Government to open new debates about cryptocurrency regulation. After this attack, the US Justice department began an investigation across the “easy to spoof” Bitcoin market. For the moment, there are no regulations regarding the market, but the exchanges are taking attitude in acting.