A recent study by researchers at the University of Oxford found that the price for bitcoin fell from a peak of $13,000 to $5,000 on June 3, 2016, and the price dropped further in August.
The authors noted that the decrease in the price could be due to a number of factors, including a drop in the number of bitcoins traded in the global economy, as well as increased regulation around the cryptocurrency market.
Bitcoin’s recent fall could be partly attributed to the rise of digital currencies such as Ethereum and Litecoin, which have had a dramatic impact on the cryptocurrency marketplace.
In addition, the rise in interest in Bitcoin from institutional investors is likely contributing to the drop in value.
However, the researchers also noted that there is a silver lining in the bitcoin price decline.
They wrote that there may be a future where the price will return to its current level.
In a statement, the university said the study is the first to demonstrate the correlation between the value of the bitcoin and the value held by a specific subset of investors.
The researchers said their findings are consistent with recent research suggesting that investors in crypto-currencies have greater returns than their counterparties in the stock market.
The study also found that a greater number of bitcoin holders hold bitcoins as investments than holders of other cryptocurrencies, with approximately 20% holding the currency as a hedge against a future decline in value, while 10% hold it for speculation.
The number of people who hold bitcoins has grown substantially since the beginning of the year.
The amount of bitcoins currently held by people in the U.S. has increased from approximately $3 billion to $14.5 billion in the last six months.
At the same time, a significant portion of those holdings have been held for speculative purposes, with some bitcoin investors even investing in bitcoin as a means to make a quick buck.
While the value and performance of bitcoin is influenced by the market’s perception of the cryptocurrency, the study’s authors wrote that the bitcoin’s rise is due to the popularity of digital currency.
“In recent years, digital currencies have emerged as a powerful instrument for financial inclusion, and digital currencies are currently undergoing an unprecedented phase of adoption, with the majority of users now actively using the blockchain technology to make payments and secure digital assets,” they wrote.
The research paper also found the correlation could also be a result of bitcoin’s rising value as a form of payment, as digital currency can be used as a store of value, as opposed to a currency.
The value of bitcoin has continued to increase as the number and value of cryptocurrencies in circulation have increased, and there are already a number that have increased in value significantly in the past few years.
In the past year, the price rose more than 10 times from $2,000 in January 2017 to $4,000 at the end of June, according to CoinMarketCap.
In 2018, the bitcoin traded at $541, the highest in a year.
However as the market price has decreased, investors have begun to shift their investment strategies towards cryptocurrencies, which is helping to support the market as a whole.
Bitcoin prices have continued to rise since the start of the financial crisis in 2008, and continue to do so.