Hey Bitcoin lovers, what is happening with Bitcoin? It was reaching new height of 3,000$ few days back and now nose dived to 2300$!!! It is highly fluctuating currently which raises doubts over its reliability. I am sure many would have blood bathed in this crash. May it will recover soon!
This behaviour of BTC is raising many questions:
- What is driving this crash of Bitcoin?
- Why the price are so highly fluctuating?
- Is it a good time to buy BTC as the price is getting lower?
It would be great if any expert can shade some light on this!
Thanks in advance.
this might have something to do with it
https://www.congress.gov/bill/115th-congress/senate-bill/1241/text
That's possible dude! Thanks a ton for sharing :-)
http://www.cnbc.com/2017/06/14/asia-markets-fed-rate-hike-in-focus.html
Asian Markets cautious about trading and I'm sure probably some larger US investors are pulled out due to the Hike as well.
That's another good hint @odonmaco. Thanks for sharing. I will go through it.
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Thanks