{"id":19498,"date":"2018-11-19T18:05:59","date_gmt":"2018-11-19T18:05:59","guid":{"rendered":"https:\/\/packetstormsecurity.com\/news\/view\/29528\/Bitcoin-Falls-Below-5-000.html"},"modified":"2018-11-19T18:05:59","modified_gmt":"2018-11-19T18:05:59","slug":"bitcoin-falls-below-5000","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/bitcoin-falls-below-5000\/","title":{"rendered":"Bitcoin Falls Below $5,000"},"content":{"rendered":"
\"BitcoinImage copyright<\/span> Getty Images<\/span> <\/span>
Image caption<\/span> One bitcoin traded as low as $4,951 at one point <\/span> <\/figcaption><\/figure>\n

The value of Bitcoin has fallen below $5,000 (\u00a33,889) for the first time since October 2017.<\/p>\n

The fall brought the total value of all Bitcoin in existence to below $87bn.<\/p>\n

On Thursday, 15 November, Bitcoin Cash – an offshoot of Bitcoin – split into two different crypto-currencies, which are now in competition with each other.<\/p>\n

And some observers have blamed this for creating turmoil in the crypto-currency markets, with many of the digital assets experiencing falls.<\/p>\n

Bitcoin exchange Kraken said in a blog post<\/a> that it regarded one of the two new Bitcoin Cash crypto-currencies – Bitcoin SV – as “an extremely risky investment”.<\/p>\n

Bitcoin is a notoriously volatile crypto-currency.<\/p>\n

At its peak, in November 2017, it briefly hit $19,783 – which means the price has fallen by about 75%.<\/p>\n

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<\/p>\n

Media playback is unsupported on your device<\/p>\n<\/p><\/div>

Media caption<\/span>WATCH: Bitcoin has fallen below the level it was at on its tenth birthday<\/figcaption><\/figure>\n

Analysis: Rory Cellan-Jones, Technology correspondent<\/h2>\n

After the excitements of last year when the price soared to nearly $20,000 and then tumbled, Bitcoin has been rather dull and stable for much of 2018, settling between $6,000 and $7,000. <\/p>\n

Sceptics like the economist Nouriel Roubini have predicted its demise, while the “hodlers”<\/a> – those who promise to hold it come what may – remained confident it was heading “to the moon” where they would drive their “lambos”. (That’s- Lamborghinis for the uninitiated.)<\/p>\n

Now it is tumbling again and while it is never safe to ascribe any one cause to a market movement, bitter rifts in the community around a Bitcoin variant appear to be to blame.<\/p>\n

Bitcoin Cash split off from Bitcoin last year after a dispute about its direction and split again a few days ago in another so-called hard fork. <\/p>\n

Its value has dropped by almost 50% over the last week. It’s confusing but think of the People’s Front of Judea versus the Judean People’s Front and you will get the picture.<\/p>\n

The result is gloom right across the cryptocurrency sector with its many altcoins. We were told that the fact that there was a strict limit of 21 million bitcoins which could be mined guaranteed that this would be a strong and stable currency. <\/p>\n

What nobody seemed to reckon with was that if you could start one cryptocurrency you could start dozens and chaos might then ensue.<\/p>\n

READ MORE HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

READ MORE HERE…<\/p>\n","protected":false},"author":2,"featured_media":19499,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[60],"tags":[136],"class_list":["post-19498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-packet-storm","tag-headlinecryptography"],"yoast_head":"\nBitcoin Falls Below $5,000 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security & Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.threatshub.org\/blog\/bitcoin-falls-below-5000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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