Bitcoin is again under pressure on Thursday, Dec 13, trading at $3,463, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
Data from CoinMarketCap showed that Bitcoin’s share of the whole cryptocurrency market hit an 11-week high last week. At current values, bitcoin has a total market capitalization of $61.7 billion.
As investors have been eagerly waiting for the Bitcoin price reversal after a continuous price-drop, here’s look into what experts from the crypto industry have to say.
After a heavy bashing over the last weekend, Bitcoin and the crypto market showing marginal recovery.
Commodity Futures Trading Commission and the U.S. Department of Justice are investigating the role of Tether’s stablecoin in artificial inflation of Bitcoin price during last year’s enormous growth.
The crypto markets entered a major correction on Monday while losing $25 billion market cap for the second time in last one week.
Bitcoin is continuing its way to the bottom having reached a new lowest mark since October 18, 2017. It is believed that it will fall further.
The major crypto continues falling on Thursday, trading at around $5,768, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
Craig Wright, the man claims to be the real Satoshi Nakamoto and pseudonymous creator of Bitcoin, has threatened to crash the price of ‘his’ headline cryptocurrency if miners support the Bitcoin Cash ABC project in the upcoming fork.
The bloodbath in the cryptocurrency market saw almost all of the top ten cryptocurrencies losing 10-12% of its price in a single day. Overall market cap dropped by $28 billion.