Bitcoin is undervalued and its followers will succeed. Review investor
Source:finally, signals of a slight recovery, reaching 4 thousand dollars for Christmas. Throughout December, the dominant cryptocurrency has experienced a strong volatility in the range of 3100 to 4300 dollars in attempts to return to the November indicators. Last month the cryptocurrency market was estimated at about 220 billion. Now the figure is slightly less than 130, of which 65 billion have Bitcoin.
thethe Key to rehabilitation of Bitcoin
According to CEO and co-founder of Bull Bitcoin Francis Pouliot, the asset will recover as many continue to develop infrastructure on this Protocol, and support for the currency strengthened. For the past nine years, Bitcoin has experienced a serious correction, sometimes even much more serious recent bear market. The developers and the company was always ready to wait for the next wave of investors and users even during the recession.
Bitcoin Price (blue) vs price Ethereum (red) Source: Included
According to the CCN, Pouliot perceives the Bitcoin price as a set of fundamental, psychological, economic and social factors. The rate quickly increases, then decreases sharply, then increases even more.
In the past, cryptocurrency, and therefore, we have not had the opportunity to experience Bitcoin as a sanctuary during the most extensive and serious economic recessions and crises. However, leading economists expect a serious decline of the US stock market in 2019, which will result in a higher fed rates and a trade war between the US and China. Therefore, it is likely that we will have the real opportunity to test the cryptocurrency in a new role.
Today, Bitcoin is trading at 3760 dollars in capitalization to $ 65 billion. Daily trading volume exceeds 4,49 billion.
The More data you look at . The current rate of coins can be found in our classroom .
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