Digital currency regained its foothold on Monday, after the heftiest fall since early 2015 between March 16 and March 18 as investors sold bitcoin, fretting over its future.
On March 10, 2017 the digital currency surged to an all time high of $1350 on Bitstamp exchange on surmise that regulators could approve the first US bitcoin ETF.
On March 16 , the digital currency fall gained momentum and touched a 5 week low at $ 944.36.
According to market experts, traders are selling bitcoins, and purchasing ether, which was aggrevating the fall of bitcoin.
Bitcoin is a digital currency that is not supported by any country’s central bank or government.