Black Friday comes early for the crypto

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The most exciting thing about the cryptocurrencies these days is the mystery behind the latest collapse. Bitcoin, as well as nearly all other currencies collapsed 20-50% last weeks and there is no bottom reached. After BTC has breached 4800 the prospects of 3200 are on the table.

The bitcoin has been under the 5,000 (as for now ~4775) dollar mark for the first time since October 2017. Crypto coins such as bitcoin remain under pressure.

Traders and analysts still uncertain how to get the cause of the price drop. The new fork of the bitcoin cash, which made its debut last week, may play a role. The fear is that this new split coin is destabilizing for other crypto coins.

As much as 2017 was the year of the triumph, 2018 is a disaster year for the bitcoin and the entire crypto community. At the end of last year the currency flirted with the limit of 20,000 dollars. However, for many investors that seemed to be the time to take their profits, on which the share was dumped massively. The currency could not really stop the free fall.


By: Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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