Apparently, the bitcoin price has dropped to within $100 of 2018 low. The bitcoin price is always unstable especially when the prevailing economic conditions are unstable as well. the bitcoin price has dropped to within $100 of 2018 low. The bitcoin price is always unstable especially when the prevailing economic conditions are unstable as well. The bitcoin price right now stands at $5,947 this was a price that has dropped from -$700 as a 10 percent drop. The free-fall has been experienced due to uncertain regulatory issues. It after the Bitcoin Price index (BPI) exposed the fact that there was a significant drop given the fact that today’s opening price was valued at $6,717.20. However, to some people the drop in price of bitcoin does not make any sense to them but there is always a room to seek explanations and seek understanding regarding the same.
With the current btc price having dropped, the regulators in the U.S are planning to meet with the aim of discussing the cryptocurrency price. The committee associated with the same will also be involved in the discussion. The law makers are also expected to chip in and assist in stabilizing the prices of bitcoin. Considering the level at which the bitcoin price right now lies, you will realize that the users of cryptocurrency will tend to shy away from transacting bitcoin.
From the bitcoin price live news, one can get to see how the price of bitcoin has dropped. There are a number of reasons why bitcoin currencies have dropped within a short period of time within year. The first reason why the bitcoin price index has been affected is due to the fact that there are more uncertainties in the air about economic regulations. The uncertainties have been cause by the fact that the world economies are dynamic and as such, the affect bitcoin prices right now.
The second reason or basically a speculation as to why bitcoin prices drops to within $100 of 2018 low, is the fact that there are other cryptocurrency which have taken a center platform hence most of the users have migrated from the bitcoin to other cryptocurrency. There are number of indicators such as the relative strength index which has clearly shown that there has been a drop in the price as well as the value of bitcoin. There are the lowest points within this year but still bitcoin has proved to have scattered in terms of stability. This has been confirmed by the bitcoin live news from various platforms.