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Bitcoin,probably the bigggest cryptocurrency has dropped 55 percent starting this year and almost a 67 percent dive when it hit th $20,000 mark in December. Factors that contributed to its fall are crackdowns by governments, and hacks in crypto trading.The failure of Bitcoin’s to bounce back in the middle ofa world crisis turmoil has become more ominous than anything else and indicative of not so good things to expect in the future.
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Bitcoin did hit a low of $6,180 on thursday evening, but then made a small recovery in price early friday morning, and now is at around 6,257. There have been other warnings that this coin could experience a sudden fall in price though, and it does seem like the wild west in the crypto-world lately.
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Unfortunately, now Bitcoin is experiencing not the best of times, in fact, like the entire cryptocurrency market, but I still believe that there is a future for cryptocurrency.
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