After the sudden drop in bitcoin yesterday, which fell below $6,800, it seems this cyptocurrency is trying so hard to gain it momentum back. Now there has been a sudden rise in this coin with about 8%, and for this reason other cryptocurrency is also going up.
There are attempt made by government in certain countries to regulate this cryptocurrency and track every transaction made through it. Some country like India, China, South Korea see cryptocurrency as not a legal tender and trying so hard to regulate it. For this reason there has been a drop in price of each of them as most investors are scared by the FUD.
My advise is for people to calm down and ease themselves of the tension as there is no need for panic as things are been set it place to stabilize it.
The best time to buy is when price is stable.
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