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.
We dont even know for sure if that is whats happening. The price Bitcoin, just for no reason, got from $2k to $19k and now it has dropped to $6k. This is the first time such a thing is happening, so I think we should wait till the end of this year to know what follows next, whether it is going to be stabilized or keep on fluctuating up and down.
I have been seeing some people predicting that price will reach $30,000, so how can we be so sure of what the future holds when there are confusions like this. So the best thing is just to wait till then, lol.