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Bitcoin reached the lowest level of $ 5787 on Sunday afternoon and was seen trading at $ 6,131 on Monday.
After October 2017, the kind of fastness seen in Bitcoin, investors from around the world were shocked. From the price of $ 4,000, Bitcoin had crossed $ 19,000 in just two months. But soon, the decline started, and now the most popular cryptocycenes have now fallen below $ 6,000, the lowest in 2018. Bitcoin reached the lowest level of $ 5787 on Sunday afternoon and was seen trading at $ 6,131 on Monday. There may be several reasons for decline in bitcoin, such as tax sailing, strict rules, restrictions and hackings etc. in many countries.
Founded by an unknown person or group Satoshi Nakamoto in 2009, Bitcoin was within $ 4,000 by the middle of 2017, after which there was huge increase. "This explosive growth ended on December 17, 2017, when Bitcoin topped $ 19,511 reached at. In particular, these mobility is not driven by the ups and downs of the overall market, "the report said.
Last month, the Federal Reserve of San Francisco said that the decrease in bitcoin will determine the future of bitcoin. The report of 'Futures Trading Change Beat Quote Price' states, "After the introduction of futures, the price and subsequent fall in price can not be called a coincidence."
However, Crypto Businessman has not abandoned this idea so far. Brian Kelly, the founder and CEO of BNCM LLC, an investment firm focused on digital currencies, told CNBC, "The last rites of Bitcoin are not going to happen." He said that compared to the previous year's price of $ 2,500, Bitcoin is still high At the level.!
Bitcoin dropped to a 4-month low on Friday and still continuing on its downward trend. In 2018, bitcoin has fallen almost 56 percent, after reaching a peak of 1,300 percent last year 2017.
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