Heavy loss of bitcoin traders
Traders lose near about 115$ Billion in last 24 Hours as bitcoin is down ward trend rapidly.
The charts for cryptocurrency market capitalizations are a sea of red right now. In the 24 hours ending at 6:45 a.m. ET Friday, Bitcoin fell over 17%, Ethereum fell more than 32%, Ripple was down 38%, and Bitcoin Cash was down over 27%.
$ 115 billion loss of crypto currency market only one day according to data of coinmarket cap.
To recap the possible reasons for the current collapse:
Some reasons behind this heavy current loss.
1.In India most people using crypto currency and now India is latest country to taking seriously action against crypto market
Recently Facebook banned all types of ico and bitcoin promotions add.
Fear of bitcoin decrease value day by day.
Whatever the reason behind this, but the main question is how long this fell down position of bitcoin will continue and what is the future of crypto market.
Comments, follow and upvote
Sourcehttp://fortune.com/2018/02/02/bitcoin-crash-8000-ethereum-ripple/
i didn't know India that in India people use Crypto so much.
But what you think about this? Do you think btc will recover?
Sure it Will recover soon
do you have any reason to say that? I would like to understand better your believing. 😃
it is short crash, soon next fews days every thing will go fine,, keep hold,, check also my post if you like , i am not much expert, @iramb131
You are right, at this time My vote power is very down so I couldn't upvote your comment. Thanks for reading and commenting. I really appreciate
@Iraamb131