The Price Of Bitcoin Is Dropping So Fast.
Bitcoin's price has almost hit $9,000 on Thursday, this movement took place just few hours after the cryptocurrency(Bitcoin) shortly restore back above $10,000.
In accordance with CoinDesk's Bitcoin Price Index (BPI), the low price hit $9,075.87 few moment after recovering. At press time, the cryptocurrency's value is waving around $9,287.00. This development is very noticeable, this came just after a day saw.
Some people that looked deeply into the situation has assigned Wednesday's move to lot of reasons, this reasons include issues of the cryptocurrency exchange Binance, a warning from the United States Securities and Commission of Exchange about compliance of exchange and the trustee report of Mt Gox exposing that some $400 million in bitcoin and bitcoin cash had been liquidated over a several-month period.
It's unclear what really drove today's market move. In confirmation, some explorer on social networks has proposed that the price could be used to test lower levels, while some are predicting a move to go as low as $7,000. Should bitcoin's price fall below $9,000,this would stand as the lowest level since this Valentine's Day from February 14, the market data shows.
more information that was prepared by cryptocurrency details provider OnChainFX has shows that the top-10 cryptocurrencies by market funds are down. Of those, in the past 24-hours cardano and bitcoin cash have dropped the most, going down by 8.59 percent and 6.95 percent, respectively.
Please if there is any error,try and notify me !
very nice post
thank you very much, hope it was helpful
please like and follow me
Bitcoin will be $5750
https://steemit.com/bitcoin/@pg-live-pt/bitcoin-the-end-or-the-beginner-of-the-cryptocurrency
i hope so @pg-live-pt, but don't you think if we try and include other crypto coin into our daily transaction like bitcoin, it might reduce the tension of bitcion ! what do you think ?
I think that people should invest only in good investments. Simple.
and that is where we are getting it wrong, nothing is bad, just only if we make them better.
Usefull information thanks for sharing it.
What is your prediction for future dear friend?
I believe if we try and include other crypto coin into our daily transaction like bitcoin, it will reduce the risk of bitcoin, and it will make other coin better too, especially the risk of losing will be much lower.