As governments worldwide are nervously clamping down on investors speculating on cryptocurrencies, the value of Bitcoin fell to its lowest level since mid-November dropping below $6,000.  Lloyds and Virgin Money have now banned customers from purchasing cryptocurrencies with their credit cards amid concerns they could be exposed to large unaffordable debts should the digital currency value continue to fall.  Plus, with mortgage lending rates at a 3 year low, the housing market is also showing signs of a wobble.

One wonders if this cautious approach now reflects the start of a painful correction – with the consequent risks of making access to responsible credit even more difficult in the process?