Since the last month, bitcoin and other altcoin dropping continuously. Considering the drops, the market still not showing any good surge as compared to the last year stats.
Analytics and others proven the fact of surging the market to green by the end of the June is likely to be false. The market keeps bleeding red with little surge and more soars.
Some believers of crypto believes that this might be the golden opportunity for those who want’d to invest in the crypto market that will rebound to greenish by the end of the year.
Bitcoin Hit Six Month Low
The overall market cap for cryptocurrency has dropped significantly.
Things happening around relate to cryptocurrencies
- Big Wale Companies including Alibaba, Amazon, Paypal Refuse to deal in bitcoin and cryptocurrency.
- Mt. Gox confirm not to sell more BTC & BCH anymore.
While some believe that this is the end of the bitcoin and altcoins. While many others believe that the price will be rebound after the bearish market and will go beyond 10K$ very shortly.
Market analyst predicts Bitcoin to drop to $4,000 prior to a rebound above $10,000 by the end of the yearhttps://t.co/mLWuDoQ3rJ
— Cointelegraph — Bitcoin and Cryptocurrency News (@Cointelegraph) June 23, 2018
While the market continues bearish, there are still some firms including TRON and others who are making their stroke in these bloody market.
- Tron Became the 9th most valuable cryptocurrency with $2 billion market cap.
Indian controversy on bitcoin
While the crypto performing bold. Indian government still working on the regulation of bitcoin and crypto. Recently, famous Indian crypto exchange ‘Zebpay’ warns their users about their fiat withdrawal services which was caused by the regulation introduced in April to ban crypto in india.
Certain petiton have been filled by the supporters and believers to regulate crypto within country.
- Why the Cryptocurrency Market is Crashing Consistently?
- Here is Why Tron Can Boom! Surprise for Tron Holders (Tron/Trx Update)
- Why Rules & Regulations Are Important For BitCoin