Bitcoin Is Bouncing Around Again. Here Are Some Possible Causes

Fans used to cool bitcoin data miners are hooked up in a bitcoin data center in Virginia Beach, Va., in February.

Steve Helber / AP

Bitcoin has lost a lot of its value this month. Financial experts aren’t sure why. And they’re not sure where the popular cryptocurrency will go next.

Prices fell last weekend, reaching below $3,600 at one point — about 40 percent less from where it had been just two weeks earlier. Prices continued down Monday but closed slightly up Tuesday.

Then they surged, topping $4,300 Wednesday — though that’s nowhere near the $6,000 or more the cryptocurrency commanded for several months until mid-November.