Bitcoin down below $7,000.

in bitcoin •  7 years ago 

Bitcoin continues to decrease below $7,000, losing market value of over 12% recently, and other cryptocurrencies taking hits from the bull market. This was anticipated since Bitcoin and other cryptocurrencies last year and the year before were making such significant gains over 1,000%. Bitcoin, as the free market goes, climbed up too fast and came down hard, but corrections like this were much needed in order for competition to grow, and in the future, new ideas for ICOs and blockchain technologies would provide greater emphasis on privacy and hacker protection, and free-market measures would provide greater emphasis on freedom.

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