Crypto market is over again although there are some genuine news in the market about the future of bitcoin but most of them are fake. Only expert can decide whether the news is correct or not.
Bitcoin's price is up by 14.51% as FUD time is over. Now the price of bitcoin is again gaining pace towards $9000 that's a good sign for whole crypto community. Bitcoin price will keep fluctuating until there will be a huge and sudden increase in the price.
Newbies in Bitcoin trading always get confused and start selling as they will start getting more experienced in the field there will be less panic sell in the future.
Two things that should be remembered by all of us that even many of the experts of finance field say that bitcoin price is bubble or it's price need correction but only few says that bitcoin is not going to stay in the market for longer period as bitcoin is there for eight years. In near future there are chances of some currencies replacing bitcoin as there USD pair will be accepted by most of the exchanges which does not seems to be the case now.
the price has dropped dramatically :(
bitcoin need another bullish run so that uptrend start again.