As of right now, it is not looking so good for Bitcoin as their coin plummets to relatively low numbers. Which I predict $1500 it will sink to.
Father Bitcoin needs to see a hospital, we haven't seen it this low in weeks, maybe even months. A few weeks ago it was over 6000 dollars CAD and now the plummet submerged to a little over 4 thousands. Could you imagine the faces of investors? Priceless. Hopefully it will raise high, higher than ever before in the name of Cryptocurrency as we know it is not the value of Steem hitting these numbers it still does look good if there are cryptos out there with a strong dollar.
It is due to the ICO bans in China etc. Ether, which is powered by the Ethereum blockchain and is the second-largest cryptocurrency by market value, is down 0.21% against the dollar in early trading. Bitcoin cash, which is a twist off from bitcoin at the start of August, is down 1.4% against the dollar. So the market is not really looking too good right now. But! Let us all be patient and see what happens.
Good day, Steemers. Until next time!