The price of Bitcoin and its further prospectsThe main crypto-currencies have struggled to maintain their upward momentum, provided earlier this week. Bitcoin fell again below the $ 10,000 mark, while Ethereum is very careful to exceed the threshold of nine hundred dollars.Earlier this year, the Bitcoin dominance index hit a record high. Throughout the recovery period in February, the Bitcoin dominance index, which measures its share of the entire crypto-currency market, rose significantly to about thirty-nine percent, largely because of the fact that most of the currencies in the market followed the price trend of Bitcoin itself.
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I think people should be aware that the only reason that could drive the price of bitcoin to such aggressive growth throughout 2017 was an irrational and unsustainable speculative bubble, so distrust should not prevail now that bitcoin has remained stable around $8,500. It is true that the big speculators would like bitcoin to continue growing 100% monthly but that is not possible, and I think the current price is quite realistic if we compare it with the previous behavior of bitcoin throughout 2016 and 2017.