Heavy loss of bitcoin traders
Traders lose near about 115$ Billion in last 24 Hours as bitcoin is down ward trend rapidly.
The charts for cryptocurrency market capitalizations are a sea of red right now. In the 24 hours ending at 6:45 a.m. ET Friday, Bitcoin fell over 17%, Ethereum fell more than 32%, Ripple was down 38%, and Bitcoin Cash was down over 27%.
$ 115 billion loss of crypto currency market only one day according to data of coinmarket cap.
To recap the possible reasons for the current collapse:
Some reasons behind this heavy current loss.
1.In India most people using crypto currency and now India is latest country to taking seriously action against crypto market
Recently Facebook banned all types of ico and bitcoin promotions add.
Fear of bitcoin decrease value day by day.
Whatever the reason behind this, but the main question is how long this fell down position of bitcoin will continue and what is the future of crypto market.
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Sourcehttp://fortune.com/2018/02/02/bitcoin-crash-8000-ethereum-ripple/