This is the best explanation I have read, regarding factors affecting current state of affairs on bitcoin and cryptocurrencies market prices. Of all, what I see is money flowing toward bitcoin to take advantage of lower prices of the sell of. Until the market doesn't absorbs those 1.7 billion USD in bitcoin, prices will remain as they are or lower 👇.
On March 8, the price of bitcoin dropped to $9,000, after reaching $11,000 merely 48 hours ago.
Mt. Gox Trustee Sell-Off
SEC’s Announcement
Japan’s Cryptocurrency Exchange Penalization
https://www.ccn.com/bitcoin-briefly-drops-9000-factors-behind-decline/
Image source by https://www.ccn.com
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We constantly forget that Bitcoin was 1/8 of this year’s price and that we must give it a break 😊
Resteemed and upvote by @drakbirkenau Thanks tu @daily.readings!!
Hi, great and nice post, have followed you. What do you think of the current state of the Bitcoin market price?
Oh crap, i thought the price have already recovered