As the price of cryptocurrencies continues to decline, Bitcoin falls.

At 3:00 a.m. Eastern Time, Bitcoin was trading at $39,097, down 7.5% from its previous day's high. Since the beginning of the year, the value of the most valuable cryptocurrency on the planet has fallen by nearly 15%. It reached a new all-time high of $68,990 in November.

The company's competitors have had a rough few months. According to CoinDesk, Ethereum, the second most valuable cryptocurrency in the world, has dropped about 8 percent in the previous day and is currently trading at roughly $2,895. Since the beginning of January, it has fallen over 20%.

Ever since the Fed indicated it would be more quickly unwinding economic stimulus than anticipated, investors have been anxious about digital currencies and other risky assets.

Governments, too, are taking action. According to Reuters, Russia's central bank is considering a ban on cryptocurrency usage and mining. Vladimir Putin's central bank has warned that Russia's financial stability might be jeopardized by the country's reliance on digital currency.

Recently, China implemented a comprehensive crackdown on cryptocurrencies, outlawing the trade and mining of cryptocurrencies.

Other governments are also considering a ban on the use of digital currency. It was reported back in November that India was working on regulations for digital currencies, but there is still a lot of mystery around those plans. Indian Prime Minister Narendra Modi remarked earlier this week that global collaboration is essential to address the issues brought on by cryptocurrency.

However, pessimism does not pervade the whole population. According to Goldman Sachs, bitcoin's price might rise to more than $100,000 in the next five years, if not sooner. According to a research issued earlier this month, the bank's experts predicted that bitcoin will continue to erode the market share of gold, which they predicted would continue to rise.