Price dropped by 50% in 16 days, falling below $7,000. 31 October 2018 $6,300 : On the 10th anniversary of bitcoin, the price held steady above $6,000 during a period of historically low volatility. 7 December 2018 $3,300 : Price briefly dipped below $3,300, a 76% drop from the previous year and a 15-month low. According to historical data, Bitcoin either sets its high for the year or low for the year in January each year, suggesting that $6,800 was the bottom and soon, we may never see Bitcoin prices below 5 digits ever again. Bitcoin recorded a 71.4% drop in 2018 and hit lowest at $3,222 in December 2018. Digital currency investors say the 2018 spike in price was inorganic and the drop was a healthy corrections. Analysts and Traders see the EFT application and other international development to affect price movement in short run.