Bitcoin News
By Dan Saada
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There is likely to be a correlation between holidays and the price of Bitcoin. This is seen at least during times when the bull runs have been pronounced.
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The reason behind the holiday effect on the price of Bitcoin is related to the FOMO (Fear of Missing Out).
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It has been the trend for family members to talk to the most tech-savvy about what they saw about Bitcoin in the mainstream news.
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Even during situations when the market is doing reasonably well, holidays come with a potential to fuel in a renewed interest in the buying of cryptocurrencies and Bitcoin.
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Bitcoin is currently trading down over 1% touching upon the current price at $11,360. This has been down from the daily highs of $11,600.
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An upward break, however, is seen in the current price trends. There is a typical analyst opinion that BTC will drop by 80% if the existing parabolic trend is violated.
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Bitcoin is still a complicated subject for non-specialists. If steered adequately, this technology will be used to effect socio-economic change.
8 / 10
The impending launch of Libra has triggered a panic in the cryptocurrency space. However, for the revolution to take effect, there need to be clear cut regulations in place.
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While it is true that the market has been growing, Bershidsky stated, “There has been no good news about cryptocurrencies lately — they aren’t acquiring greater acceptance as…
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To the general public, cryptocurrency is like a giant balloon; however, there have been many investors who offer a discriminatory look to Bitcoin versus the Altcoins.
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