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Bitcoin, who yesterday gained some 5% on the rocket above the $ 4,000 mark, has now dropped suddenly, dropping by some $ 300 per bitcoin to $ 3,800.
the bitcoin price had climbed all week, in agreement with investors waiting for bitcoin who had long hoped & nbsp;bitter crypto winter maybe ending.
The sudden drop in the price of bitcoin has swept about $ 5 billion from the market capitalization of bitcoin and $ 14 billion from the larger cryptocurrency market.
Bitcoin is well known for its extreme volatility and the abrupt movements of this weekend bear witness to this.Getty
The cause of the sudden sale was not immediately apparent. However, when prices rose rapidly and fell, traders and investors took profits and flooded the market with surplus digital tokens.
The sharp fall in bitcoin prices has also affected most other major cryptocurrencies.
Ethereum, XRP from Ripple and Litecoin were all down about 5% after following the bitcoin hikes yesterday.
The price of bitcoins has had a strong week before almost erasing its gains today.CoinDesk
It has been suggested that Ethereum's future hard fork, scheduled for next Wednesday, was the cause of the recent price rally.
Ethereum has increased by some 60% since February & nbsp; ahead of the delayed hard range.
Other people have mentioned many positive news related to bitcoin in recent weeks, including: & nbsp;confirmation of & nbsp;The latest Samsung phone supporting the crypto wallet& nbsp;tech billionaires speaking bitcoin, and Bitcoin bulls calling the bottom of the Bitcoin bear market. & nbsp;
The bearish price market in bitcoins, & nbsp;labeled crypto winter for its debilitating effect on the & nbsp; nascent sector, has seen some $ 400 billion erased from the crypto-currency value of the world while investors are cold feet, worried that & nbsp;institutional investment& nbsp; and & nbsp;consumer adoption will not materialize.
The sudden drop in the price of bitcoin has affected most other major cryptocurrencies.CoinMarketCap
Bitcoin markets have been animated & nbsp; recently by the news& nbsp;US bank JP Morgan creates its own cryptocurrency to compete with Ripple's XRP.
The bank, which wants to use the private digital token to reduce costs and accelerate international transfers, has long criticized bitcoin and decentralized blockchains and this announcement has been interpreted as an endorsement of the underlying technology of bitcoin.
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Bitcoin, which gained about 5% yesterday on the $ 4,000 mark, has now dropped sharply, dropping $ 300 a bitcoin to $ 3,800.
The price of bitcoin soared throughout the week, which pleased investors who were losing momentum and were hoping for the end of the winter.
The sudden drop in the price of bitcoin has swept about $ 5 billion from the market capitalization of bitcoin and $ 14 billion from the larger cryptocurrency market.
Bitcoin is well known for its extreme volatility and the abrupt movements of this weekend bear witness to this.Getty
The cause of the sudden sale was not immediately apparent. However, when prices rose rapidly and fell, traders and investors took profits and flooded the market with excess digital chips.
The sharp fall in bitcoin prices has also affected most other major cryptocurrencies.
Ethereum, XRP from Ripple and Litecoin were all down about 5% after following the bitcoin hikes yesterday.
The price of bitcoins has had a strong week before almost erasing its gains today.CoinDesk
It has been suggested that Ethereum's future hard fork, scheduled for next Wednesday, was the cause of the recent price rally.
Ethereum has increased about 60% since February, ahead of the hard range.
Others have reported many positive news related to bitcoin in recent weeks, including: the confirmation of The latest Samsung phone supporting the crypto wallet, tech billionaires speaking bitcoin, and Bitcoin bulls calling the bottom of the Bitcoin bear market.
The bear market of Bitcoin, labeled crypto winter for its debilitating effect on the fledgling industry, has seen some 400 billion dollars erased from the value of crypto-currencies of the world while investors are cold feet, fearing that institutional investment and consumer adoption will not materialize.
The sudden drop in the price of bitcoin has affected most other major cryptocurrencies.CoinMarketCap
Bitcoin markets have been driven by recent news The US bank J.P. Morgan creates his own cryptocurrency to compete with Ripple's XRP.
The bank, which wants to use the private digital token to reduce costs and accelerate international transfers, has long criticized bitcoin and decentralized blockchains and this announcement has been interpreted as an endorsement of the underlying technology of bitcoin.
