The Market Value of Bitcoin Drops Below $100 Billion - CoinNess News

[kutangterbang]

not sure why it happened, but the biggest possibility is, there are some people who have large amounts of bitcoin and sell it instantly in the market, making the price of bitcoin drop dramatically, and that also causes a number of panic sales that occur, and further worsens the price

[der_troll]

I think it happened because of the hash wars and in general, because of such a market conditions. The market keeps bleeding and nobody knows when it is going to end. Hope in 2019, we will see a new wave of the green market.

[sergey1301]

Monitored by CoinNess App, as of 03:20 (UTC), the market value of Bitcoin is about $99.2 billion, which is the first time to drop below $100 billion since October 2017. The total market value of the cryptocurrencies decreased by $15 billion within 24 hours.
Does anyone know why?

Don't panic! I think it's temporary. I think in 2019, Bitcoin will cost $ 20,000+. That's when the market value will rise.

[bamb]

Bitcoin is definitely going through bearish period and the usd valuation of bitcoin is droping. Bitcoin itself is still the same bitcoin. However, next year looks promising for bitcoin as there are many developmental roadmap slated for bitcoin!

[Aryleeto]

In all types of market there is a bearish and bullish market, and now there is a bearish market, the market does not have any critical news now, just a bearish trend and it will end soon