Bitcoin's price has dropped by more than half from its all-time high of $63,562. The vast majority of coins currently on the market are being sold by investors who purchased at the peak. For the first time this year, the price is on the verge of falling below $30,000 for the first time. Bitcoin's price has dropped below $1,000 for the first time since December. Traders should not expect a rebound in August, according to Decryptor.