Where Does the Bitcoin Price Go From Here? Industry Observers Weigh In

in bitcoin •  7 years ago 

Hi Steemitians,

Bitcoin price plummeted to a monthly low as rumors that the People’s Bank of China (PBoC) was planning to crack down on bitcoin exchanges began to receive apparent confirmation.

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https://www.cryptocoinsnews.com/bitcoin-price-go-industry-observers-weigh/

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I'm starting to believe the initial "gold rush" we experienced earlier this year has come to an end now and we are going to be facing a volatile but more gradual climb into the 5000s and beyond.

Bitcoin prices plunged further on Thursday, after one of the largest Chinese exchanges for the cryptocurrency said it would stop all trading at the end of the month amid a country-wide crackdown.

Bitcoin has fallen more than 30pc since its peak less than two weeks ago, with drops recorded each day since Friday.

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