Bitcoin Values Fall to Lowest Since 2013

Bitcoin has fallen 30 percent, below $8,000 at one point, in the biggest weekly loss since 2013.

Apparently a number of recent incidents have influenced cryptocurrency investors’ faith in digital currency. Facebook announced it would ban all advertisements of cryptocurrency, India said it considers cryptocurrency to be illegal and will work to eliminate the use of it, one of Japan’s digital currency exchanges, Coincheck, was hacked, China and South Korea are shutting down exchanges.

Other cryptocurrencies, including Ethereum and Ripple, have dropped below 20 percent.