Bitcoin fell 70% from 19500$ peak and negative headlines had wiped out billions in value in cryptocurrencies,
But top U.S. regulators testifying before a Senate committee called for greater oversight, without proposing industry-killing measures.
That was something different from crackdown on crypto that hapened in asia, and created picture of stable asset from Bitcoin.
That news gave enough positive momentum for traders to continue investing in cryptocurrencie market and Bitcoin, and returned more than
100 billion $ back in crypto market, as we can see in the last week.
Something that can give us a little more volatility in price is Chinese New Year celebrations for the Year of the Dog begin in China
and follow across much of Asia, including Hong Kong, Taiwan, Singapore, Malaysia and Indonesia.
Chinese mainland markets are closed Feb. 15-21.
So, it means that after Chinese New Year maybe the price will go high again? Is it like that? Well, if that so, what will the next the rumors are there is another fork on March 5. Let's expect bitcoin will go up again, hoping.
It is going to increase for sure as it is said to be the most unstable currency of the year, as in china new year people are showing keen interest for bitcoin investment and if they will invest in it or they will accept bitcoin again so price will rise, right now the bitcoin price is almost 19k and will go behind it in future, we are expecting to see very high pump in bitcoin price till the end of this year, for now bitcoin is not gonna be stabilize at all.