Ethereum, the second-largest currency by market capitalization, is expected to pass bitcoin, now only $ 50 billion to catch up with market capitalization.
In early December, bitcoin was priced at nearly $ 20,000. However, as of February 1 2018, bitcoin price is less than $ 9,000. A drop of 55% has "blew" $ 175 billion of market capitalization of this currency. Indeed, the ethereum, the second largest in terms of market capitalization, is expected to outpace the bitcoin market, which is only less than $ 50 billion now.
So what made bitcoin lose $ 175 billion in market capitalization in just under two months? It can be said that it is a combination of all six factors:
1. Korea tightens the noose for anonymity
2. Facebook forbids e-money advertising
3. Stealing is becoming a matter of much attention
4. The speed of bitcoin treatment has been blocked progress
5. Skeptics now have the opportunity to support what they say
6. Traditional stocks are too strong.
And you?