Bitcoin sinks deeper into the abyss

28 November, 2018

Is this the end of the road for Bitcoin?


It is quite thought-provoking how this time last year Bitcoin was proudly marching towards the $10,000 level. Fast forward 12 months, the cryptocurrency is gasping for air with prices sinking deeper and deeper into the abyss.

A combination of factors have contributed to Bitcoin’s demise, ranging from regulatory scrutiny, infighting within the crypto community and a noticeable drop in investor appetite. With Bitcoin finding comfort below the $4,000 level and showing little sign of recovery, the next key level of interest may be found at $3,000.


Source link   Crypto currency: Bitcoin


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