Over the past three months, Bitcoin has hit highs of £6,600 and lows of £4,600.

With the price currently fluctuating around £5,000 after dropping from £6,200 toward the end of July, Bitcoin’s price instability is making investors and institutions think twice about investing their time and money in adopting the world’s most dominant cryptocurrency.

Has the Bitcoin bubble finally burst or is this just the start of something even bigger?

Bitcoin is a digital currency created in 2009 that uses decentralised technology for secure payments and storing money. It is susceptible to a variety of factors, such as changes in global regulation or world events.

These can cause wild price fluctuations as we have seen with Bitcoin throughout its history.

The negative, fear-inducing narrative we see associated with Bitcoin a lot of the time can cause people to offload as they fear all value is about to be permanently lost.