Bitcoin has lost 60% of its value since dec 2017.People are panic selling crypto due to uncertainty and fear.Crypto has huge impact on banking system. The price of cryptocurrencies significantly fell down due to regulations.And ban on crytpcurrency by china ,India and other countries.After that it reached to its peak when bitcoin hit 20k USD.Since then many investors left crytpocurrencies due to huge loss.The current price of bitcoin is 4412 USD .I have been closely watching the market cap from last two weeks from 212 bn dollars it has now reached 153 bn dollars .
Bitcoin is keep losing its value some say the reason behind this bearish market is hard fork of bitcoin cash.Since Bitcoin cash was the trouble maker it has played its role to ruin bitcoin .I am happy that many exchanges are kicking this crap.According to bloomberg analyst bitcoin price could reach 1500 USD. But many people say its just temporary as it happened in dec like when it reached 20k USD people believed it will rise even more but instead it fell down so it is unpredictable in other sense .I know this crytpo will still be there .Yeah but it will loose immature people.In jan 2019 price could increase after the start of new year.By the end of jan it can reach 7k USD again.
