Bitcoin has dipped drastically in the past few hours and fallen from $4,900 to $4,280. This is the first time this year that the price of BTC has dropped below the $4,300 mark. Within the past 3 days, BTC has dropped a ground breaking 32 percent in price causing a pressure to sellers.
South Korea which has been the third largest cryptocurrency exchange market throughout the year has faced a major drop in the value of Bithumb, Upbit and Korbit may not hold its position for much longer. If BTC is not able to recover to at least $4,000 in the next few days, there is a great possibility that trading activity in the worldwide cryptocurrency exchange market will suffer much more and there will be more loss. read more….
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