The current price slump is strongly connected with attempts of China to shore up the yuan.
Bitcoin has gained 123% in 2016, making it the top performing currency for the second year in a row.
Bitcoin offers instant and anonymous transactions, which made the cryptocurrency gain increased popularity in 2016.
Bitcoin is continuing its end-of-the-year bull rally, with the cryptocurrency price demonstrating its best performance over the last three years.
Bitcoin experts emphasize a correlation between the financial problems in India and a bitcoin price rise.
Bitcoin shows a steady growth these days having more than doubled its price since the beginning of the year.
Experts predict sustainable growth of bitcoin price in the year 2017.
Experts enumerate the whole range of factors influencing the bitcoin price increase.
Overnight, the Yuan dropped to the lowest point since December 2008, and experts predict further declines.
The initiative is expected to professionalize and legitimize bitcoin as a financial asset.
The billionaire investor who supported Donald Trump as a candidate for US presidency will have his ear on tech issues.
Bitcoin experts previously predicted that the victory of Donald Trump can result in bitcoin price boost.
Bitcoin has reached its highest value in the past three months, while Chinese central bank is tightening its control over the wealth management product funds.