Bitcoin News: Bitcoin Price Plunges Below $200

The Bitcoin price continues to drop in 2015.

bitcoinThe cryptocurrency is trading for less than $200 as of Wednesday afternoon. Bitcoin’s value has dropped more than 40% this year alone with its price currently set at around $190.50.

The drop in value can be attributed to a number of reasons including the declining interest in mining and trading. The digital currency’s price fell as trade volume increased.

Miners have been shutting down operations as Bitcoin’s value continues to drop because they are not able to cover costs of operations.

Microsoft recently announced that consumers will be able to pay for a number of the company’s services using Bitcoin.

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