Has The Bitcoin Bubble Burst? Learn Why There is Current Instability
Is the Bitcoin Bubble Over?
As you begin reading this article, you will notice that I use the term Bitcoin Bubble. In reality we are takng about the whole Crypto Bubble including Cryptocurrencies, Tokens and ICOs.
Anyone tracking Bitcoin and other cryptocurrency since December, will have noticed a trend of extreme price swings, with BTC ranging from $20,042.90 USD on December 17, 2017 to $6135.56 USD on February 6, 2018. Of course, the price drops are hardly surprising given recent announcements such as major players Facebook and Google moving to ban ICO ads, as well as major hacking scandals on various exchange platforms and crypto-wallets.
Perhaps, what is more note-worthy, is that all of these scandals only caused momentary price changes (at least since February). The effect of the bubble craze and Tether scandals in December are still clearly evident, despite its having no apparent negative effects on Tether USDTs prices or usage on exchanges.
To read the causes of the instability click here: https://goo.gl/bmis5r