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.
Not all mainland markets of China are closed at 15-21, the market will run as usual, only the impact will be felt in the market, especially the crypto market.
I think the current price is stable, although there are still many who wait will be able to value $ 9000 even more in the near future, but it seems still need some correction to get the number, i hope it soon
True $ 8000 or $ 9000 is the bitcoin stable price before the December 2017 pump.
The market on crypto currency is more stable than the market history few weeks ago, The Bitcoin price survive the downward trend after the market glitz corrected itself, the fundamentals on investment are more stable, volume of market transaction goes up and still growing. i am looking forward to see more participant, or getting involved in investment on Bitcoin. The crypto currency trading investment indicate more positive project in the near future. Once the issues on Banned, Scammer, and Regulation were address the global participation on investment will grow at the same time the price of Bitcoin will goes up.