Bitcoin continues to decline into 2018

'It will burn out in a spectacular crash'

Bitcoin prices fell 4.8% on the first day of 2018, down from $14,156 on Sunday to $13,624, the first time since 2014 the cryptocurrency has begun a year with a fall in value.

Last year, the cryptocurrency continued to meet fresh record highs before touching of $19,666 following the launch of Bitcoin futures in December. This was a gain from just $1,000 at the start of 2017.  However, following a number of regulatory warnings Bitcoin began to fall just before Christmas and has continued this decline into 2018, losing 4.6% on 1 January. This contrasts with the first day of trading in 2017 where the currency rose 3.7% while it rose a smaller 0.9% on the first day of 2016, according to Bloomberg. The fall comes as concerns have been growing for some time...