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.
I think It's hard to believe maybe it just has a hard time for its increased value at this point. It is highly unlikely for the price to become stagnant because Bitcoin is naturally unstable. Fluctuations are always expected to occur. Ups and downs are happening even though some are not clearly visible. Eventually its market value will increase and that is reason enough to invest now. Maybe in the future butcoin will more stable, If the market demand is increasing