After almost reaching $10,000 during May 6, Bitcoin along with most major cryptocurrencies namely Litecoin,Dash,Ethereum, etc have all plummeted in terms of market price. In fact, the entire cryptocurrency market cap has dropped from over $400 billion to $300 billion since the beginning of the month.
Although suffering severe deep drops, several crypto-news sites such as CCN, Born2Invest,etc have rather optimistic prediction, claiming that the price of Bitcoin will eventually rise back.
Today, one Bitcoin is worth $7114 with a market cap of over $121 billion according to Coin Market Cap, a 20% drop since the beginning of this month. Personally I strongly hope that the condition of the overall crypto-market will improve in the next few months to come.
Thank you
