BlockMedia Report – Bitcoin drop 20% from 5000 high.
If you spent your long weekend relaxing, I hope you enjoy it because this week is rough for cryptocurrencies. See the graph below, mostly losing big time. As of writing this post, STEEM value is $1.10 down from last week.
Image by CoinMarketCap.com
This is due to China's Banks to ban digital token and SEC already sending letters to ICO's company who is based in the USA.
Maybe this is just another obstacle to overcome as the cryptocurrency continue to mature. What do you think?
Though Last July 24, the Bitcoin value is $2777.26 still a huge gain despite of losing 7.33% for the last seven days of trading.
Source: https://que.com/blockmedia-bitcoin-drop-20-from-5000-high/
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If you like my post, you may want to read my previous posts.
https://steemit.com/bible/@yehey/acknowledgement-com-matthew-6-19-21
https://steemit.com/news/@yehey/hurricane-harvey-is-a-1-in-1-000-year-event-unprecedented-in-scope-people-needs-our-help
https://steemit.com/steemit/@yehey/game-of-thrones-is-over-now-let-s-enjoy-the-blooper
https://steemit.com/bitcoin/@yehey/history-of-bitcoin-infographic-from-que-com
Like Rosanne Rosanadana used to say on Saturday Night Live - "It's always something!" With any new technological game changer, there are going to be bumps in the road. Not too comforting for the faint of heart 😱 , but great fun for those who like roller coasters 🎢. Thanks for the post yehey! 😊