1) The extremely volatile digital currency, Bitcoin had slumped below $11K mark on 14th July 2019. 2) Litecoin, launched in 2011, was among the initial cryptocurrencies following bitcoin and has often been referred to as “silver to bitcoin’s gold.” 3) Amidst the turbulence, the Bitcoin continues to be a favourite among the cryptocurrency advocates. 4) The reasons for the sudden fall of Bitcoin are not clear, but it has sure fired up the competition among the other rival currencies. In 2016, Bitcoin’s worth was less than $1K. 5) More and more investors are expected to join the Bitcoin’s following.