$13billions has just been wiped off of cryptocurrencies market and bitcoin has loss about $700 in just around 4 hour. I will like to ask the expect here what is really happening? I believe that for the last seven months bitcoin has not gone down like e this and bitcoin is the most hit. Ethereum has seriously getting dumped too. Are we heading towards $3000 as speculated by some of us here or bitcoin is going to recover around $5200.
What is the next step to take? Your advice is highly appreciated.
The price didn't fall too much and the price loss maybe recovered in some hours of time so I don't think it will reach $3000 level speculation because we can see that the price are at the range of $5500 now and hopefully it may cross $6000 again in few days.And this all due to the BCH hard fork as others said since our investors are not having enough knowledge between BTC and BCH.