Bitcoin bubble may burst soon

Bitcoin almost crossed the $3000 barrier on sunday showing some strength.The increase in price was the result of some rumoured news that some chinese exchanges are allowing withdrawal.But again on monday it fell suddenly to the $2500 mark dropping nearly 16% later on it recovered to $2700 on the day.The sudden decline in bitcoin was related to the price fall of many us technology stocks.This shows how volatile it is.

source- coindesk

It seems that peoples interest for rate of return has taken bitcoin to such levels.But now the fear of hardfork news has put some confusion among the investors and they pulling back from the bitcoin and looking at altcoins.