Eth went as low as $177 today from $223 just almost a week ago and almost every coin in the market are bleeding. Does this hard dump signals the hard bounce or possibly the bull approaching? Or did i miss some news. I am just so curious.
Today when I opened the CMC website I was really shocked. I do not understand what's going on. Market collapses too much within hours. This is beyond the speculation of many experts.
Even the price of the BTC has hit the lowest price in the past 12 months, one bad for the market at the end of the year. Maybe BTC will continue to go down and cause the altcoin to fall down, 4000$ is the next target that btc is aiming for
I do not think that the price will fall to 4000 dollars. Since the cost of mining one Bitcoin is about $ 5,000. And miners simply will not profitable to extract Bitcoin. So I think that the price may fall to $ 5,000.