An unstable world:
The currency of the Bitcoin suffered after reaching a value of five thousand US dollars on Saturday on the second day of September, In addition to all the «digital currencies» of the decline of the binary number of value within 48 hours before recovering again on Tuesday, 5 September.
The market for "cryptocurrency" on Sunday and Monday lost about 20% of the total value of the currency, After the value of transactions on Saturday amounted to about 180 billion US dollars to fall to 142 billion dollars in the next two days, the value of the composition of about 16.5% and lost " Ethereum " about 23.5% of its value.
The two-day decline in the value of the currencies will confirm the instability of the market, As the website indicates "techcrunch", the 20% fall in value is equivalent to years of gains in the US stock market that investors have decided to pump into their market, losing them within 48 hours, which is sad!
Uncontrollable things:
The currency of the Bitcoin rebounded to recover its double-digit price over the past four months, and a similar trend to the recovery in the days leading up to the split of hard currencies is noted.
What caused the decline?, This was due to many reasons, including: China's decision to ban initial currency offers in the country (ICO). Markets are often hit hard by government sanctions, which are not limited to the currency markets. As a result of this decision, money will be returned to finance to their owners, which will raise doubts about the fate of the famous cryptocurrency such as the Bitcoin and Ethereum.
The other factor may be the market's thinness, which is supported by the arrival of the Bitcoin to five thousand dollars, may be the decline of the currency resulted from the natural reaction, such as pulling a string and then leave it suddenly, it is noticeable that the mutations in the prices of Bitcoin followed by a decline in the price, That the currencies are recovering by judging the values reached on Tuesday 5 September, which rose from the day before it by 2.98% for the currency Bitcoin and 6.87% for the currency of Ethereum.