Bitcoin Drops In Value, But It Was Expected

Bitcoin Drops In Value, But It Was Expected

Following a fantastic few days for Bitcoin, the wave has now resided as it drops in value but it is no reason to be concerned.

While many of the more optimistic investors out there had hoped for the surge in the price of bitcoin to be on-going, as many had expected it has dropped again. However, it still remains in good stead and has maintained some seriously good ground after sitting around 3500 for months on end. It has so far gained over a $1000 in value, very impressive feat for just a few days of growth and has proved many who thought the bear market was coming to an end right.

As well as this, the market as a whole has seen it total growth market value increase to an equivalent to $174.6 billion. This is 18% higher than $143.4 billion which it was a week ago. This is thanks to the other cryptocurrencies in the market also seeing rapid growth over the same period too.

The dip in value slightly below $5000 is no reason to be alarmed, therefore, and it is normal for the price to drop after a surge as investors opt to cash out. As such, alongside the drop-in value of Bitcoin, all other major currencies have also seen a drop in value as a result of this too.

Many expect another surge before long, but not before it drops in price some more. As such, investors who are looking to ride the next wave of soaring crypto prices should keep their eye on the market for the optimal time to invest.

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