Bitcoin over the past week has been sharply falling due to concerns and rumors from China based on rumors that China will stop Bitcoin operations in that country resulting in a sell-off throughout the crypto markets and Bitcoin to begin a steady decline over the past week. other confirmed rumors from China also indicate that China may be developing their own tether base cryptocurrency. .
The continued speculations from China has caused a massive sell-off of the Bitcoin cryptocurrency dropping it to over 10% of in value in the past week alt coins has also suffered due to the dropping of the Bitcoin cryptocurrency including Ethereum , Dash, Litecoin, and zcash .
But the question now is will the crypto Market be able to survive based on rumors and speculations from China? and the answer is yes. Bitcoin has been around for almost 8 years and it has had major hits and falls over the past 8 years but the strength relies on alt and ICO currencies to support Bitcoin. As the market continues to grow there's going to be new opportunities in the cryptomarkets for enterprise and growth .
The cryptocurrency economy is very strong as of right now but this will give investors a great buying opportunity to get into the market now that the price of Bitcoin has eased over 10% and this will give new investors a chance to purchase Bitcoin while the prices are low they're still has been some speculation of Bitcoin going over $5000 and by early 2018 and over 7,000 by the summer of 2018 .
Right now holding and buying Bitcoin is the best option for keeping your investment strong during this sell off.