Bitcoin price: will the cryptocurrency look for a year-end rebound? Several assessments on the short-term future of the cryptocurrency.
I Bitcoin values And its cryptocurrency rivals have once again yielded ample ground in recent days, bringing market capitalization to its lowest point since last September.
Of facts, i prices of the Bitcoin fell below $ 4.000, before reaching a minimum of $ 3.500 last Sunday, according to the CoinMarketCap website. Even rival currencies Ethereum and Ripple collapsed over the past weekend, with their values falling to around 114 $ and 0,37 $ per currency.
The recession of the cryptocurrency market it appears to be the continuation of the sell-off caused by the Bitcoin cash hard fork. However, while cryptocurrencies seem stuck in a continuing downward spiral, some investors believe that the market could recover if more "regulatory oversight" was introduced.
In particular, Herbert Sim, commercial director of Cryptology, based in Singapore, told Forbes that "regulators need to put in place standards to separate weeds from roses in the cryptocurrency world" if the market plans to move forward and gain investor confidence.
But can Bitcoin really bounce back in December, perhaps repeating the glories of a year ago? Bitcoin has lost 80% of its value since reaching a peak of nearly $ 20.000 in December 2017, certainly not creating good hopes for the market. However, Mati Greenspan, senior marketing analyst at the cryptocurrency trading site eToro, he told the Daily Express that it's really impossible to know where the digital currency is going, and that he doesn't despair of thinking that there may be a "Santa Claus" rally before the end of the year.
Greenspan then added that "what I said since the beginning of the year, when people asked for my year-end forecasts, is that I can say with 99% certainty that Bitcoin will be between 100 dollars and 1 million dollars on December 31! "
