Total Market Capitalization
down This is comparison chart for the past 2 weeks of the marketCap. On Sep 2 the market was near to 180 Billion. It was the highest it has ever been.
After the peak the market cap fell and there was study downfall. On Sep 5 it has dropped to 136 Billion.
On Sep 14th another 10 Billion down. total market cap was down to 124 Billion.
And finally yesterday it fell below 100 Billion as China tried to shut down all the exchanges in their country. By end of this month All the major Trading websites will be shut down in China.
I see this as a good buying opportunity and in the long run the price of Bitcoin will easily cross 5K and beyond. Having said that i do see the price of bitcoin falling even below 2k by end of this month cuz the china market is pulling all the money out.
What do you guys think.Let me know your thought!