The highly volatile cryptocurrency has had a great impact on the market cap and surged about 200% so far this year, despite the latest fall. It still remains well below record highs of nearly $20,000 reached in December 2017.
The high volatility in the cryptocurrency market is very beneficial to holders which can only explain why bitcoin reached $20,000 in 2017, the volatility is also dentrimental to price of bitcoin it fell so low to $3,400 in 2018.
Bitcoin will surpass the previous record high maybe before the end of this year.