Reasons why BITCOIN drops
Reasons for btc drop:
- Korea spreading FUD, India/China banned crypto
As you can guess, only China matters from here. They were the biggest traders and boom, the market just got a huge hit. - After BTC raised over $12k, BTC got a large attention from televisions and a lot of noobs came here hoping they will get rich quick, of course at the first drop they sold to cut their losses and now it have a domino effect.
Will BTC recover?
Yes, I'm pretty sure. Invest responsible. It might get to $100k by the end of year.
Source altcoinstalks
you forgot about global meltdown on regular markets.
Yes you are right.
Bitcoin had its high but there was never the possibility to reach 100.000 Dollars. Never ever. Bitcoin will remain but at lower prices as otherwise it will not become a highly utilized crypto currency.
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