Even though it is thought to have a small share and uncertain news from China, there has been a serious decline in Bitcoin and altcoins due to reasons such as the Bitcoin announcement of Jp Mprgan CEO Dimon, and the Bitcoin exchange rate may have been on a steady rise since the beginning of 2017. It took a break for the first time and fell below the $3,000 levels for the first time.
These sales, called panic sales, would of course cause a digital currency value to decline.. However, developments such as understanding the main reasons for the news from China, the fact that China’s size in the Bitcoin market is only 15%, and the precise and clear answers to Dimon by experts have renewed confidence in Bitcoin and the purchases have returned.
The fact that the price of Bitcoin has been hovering in the range of $3,500-3,800 over the past few days has also been a sign of confidence.
coinmarketcap
With the rise following this renewed confidence market, Bitcoin had some problems at the time of writing. It started trading at $ 4,000 on the stock exchanges.. If it continues on its way with this stability and reaches the level of $ 4,300 in a few days, we can say that it will not be long before we see the expected record of $ 5,000. rose to dollars. Today, the 24-hour trading volume is around $1.8 billion.
Sinan Dundogan
Krypto Money News / Founder
Disclaimer: The information in the article is for informational purposes only.. It does not constitute any investment advice.. The author and hostagons.com/ are not responsible for your profit or loss arising from the investments you make.. Investment ultimately relies on many foundations such as knowledge, experience, research and personal decisions.