Market Cap Drops from $124B - $119B, Bitcoin’s Continuous Collapse Could Cause Turmoil
collapse? turbulence?
The price was $ 3,500 in August 2017 and after that began to climb in a very scary way to reach $20,000. It would not be surprising if stayed at that level from $3000 to $4000 for a long time, might be will stay at that level by the end of the year. Instead of being very worried and anxious about price increases and falls, we should be concerned about adoption and regulations
This is the problem:
Several traders have previously raised their interest, claiming that a collapse below the $3,500 level could push the BTC price to the $3,000 area or lower, if the bearish trend continues.
The crypto industry has experienced another significant wipeout of around $5 billion that has affected Bitcoin (BTC), the flagship digital currency, gravely, placing it under the $3,500 level. At press time, the market cap is at $119 billion, falling $5 billion from Sunday’s (Jan 20) total of around $124 billion.
we do not look at $3000 as a high price, because we have reached the $20,000. we have come to think that prices like $3000 is very low. the same happens with the market cap
