If you've been holding onto your Bitcoin in the hope that it will pick back up soon, we've got further bad news for you - it looks like the only way it's going is down.
The trading value of Bitcoin has just dropped below $8,000 (£5,626) for the first time since November, further hinting that the boom is now coming to an end.
According to the website Coinbase, the cryptocurrency temporarily dipped to just above $7,500 (£5,275) at around 12:50 GMT today before returning above the $8,000 mark minutes later.
The cryptocurrency's continually falling price - down nearly 8 percent over the last day and 43 percent in the last month - is a stark contrast to the value it was trading at in December, when it reached heights of almost $20,000.
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The start of 2018 hasn't been great for Bitcoin, but this latest slump over the past few days marks the first time that bitcoin has fallen underneath $9,000 since its meteoric rise.
However, Bitcoin's problems shouldn't be viewed in isolation. According to the influential cryptocurrency website CoinMarketCap, almost all other major digital currencies are in the middle of a similar fall, with many of those plummeting even more than bitcoin.
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The plunge across the board in the value of cryptocurrencies comes amidst growing regulations against them in countries across the world, with China, Japan and South Korea all considering shutting the volatile digital assets down.
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The government of South Korea, one of Bitcoin's biggest markets, is particularly unhappy with Bitcoin as it believes the currency is spurring rampant market speculation and crime.
Over the past few months, the South Korean government has announced plans to bar banks from offering anonymous Bitcoin accounts and even create new laws to allow officials to shut down all domestic exchanges of the currency.
The country has already banned initial coin offerings and barred local finance firms from handling bitcoin futures.
"Cryptocurrency speculation has been irrationally overheated in Korea," the South Korean government said in a statement reported by Bloomberg News. "The government can't leave the abnormal situation of speculation any longer."
While developments this week are bringing Bitcoin back down to earth with a bump, it is still performing extremely well compared to its previous long-term performance.
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The cryptocurrency has lost all of the gains it made when it surged in December but is still up a whopping 2520 percent over the past year, so it isn't all doom and gloom for traders.
Still, for some Bitcoin investors, the latest precipitous drop in value might prove to be one scare too many.
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