If there’s a floor to Bitcoin’s terrible 2018 trajectory, it may not have hit it yet. The leading cryptocurrency lost 12% of its value in the last day, falling south of the $3,400 mark.
Reminder: a year ago today, one Bitcoin was worth $17,900. Bitcoin hasn’t been this low since mid-September 2017, as its glorious — and finite — rally gained traction.
This isn’t even the first significant Bitcoin tumble of the month. It lost 8% at the start of December. In the preceding weeks, it had further significant daily drops.