Bitcoin news of the week :- After a damn growth of fund raised by the coin named bitcoin , It is now kind off stable/stagnent.
There is one core or major reason for price stability which i noticed last week was as follows.
- People all together invested in bitcoin
- Thats a reason there was a big spike of growth in bitcoin rates to $11k
- As the price was booming ,large amount of people gathered the funds back to celebrate their growth (some may be for X'mas too :-) )
- As of now the transacting is going slow , I see very less people buying and selling bitcoins.
- This means a large withdrawl took place last week.
- As a reason price went stable
If you find this points valid enough do give this post a upvote and let me buy a bitcoin too ;-)