Is this really the end of Bitcoin? Not so fast!

Is this really the end of Bitcoin? Not so fast!

Bitcoin is extending its collapse for the second day in a row as investors are worried about Bitcoin Cash hard fork and speculations of Bitcoin price manipulation. BTC/USD fell to trade as low as $4,218.00 on Tuesday, its lowest level since October 2017.

Bitcoin is now 66% down on 2018, almost 80% down from its all-time highs close to $20,000 reached last December. The sell-off makes remembrance of the one experienced from 2013 to 2015 when BTC fell from $1,163 on November 2013 to $152 in January 2015, a 86% multi-month drop. The different from the one the market is watching these days is the violence of the current movement.

Some analysts are suggesting that Bitcoin collapse is not near to be ended. According to Bloomberg Intelligence, the drama is just starting with a forecasted price of $1,500 in the middle term.

Also, Travis Kling, founder of hedge fund Ikigai, said that after the Bitcoin Cash split “something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.” He also commented to Bloomberg last week that there is a small chance of that but he “didn’t sleep well last night.”

Ethereum, on the other hand, fell for the seventh day in a row as the ETH/USD is now testing its lowest level since June 2017 at 121.50. Ethereum is 83% negative on 2018, and a 91.5% down from all-time highs reached on January 2018.

Cryptocurrency prices are falling hard these days, with November on pace to become the worst month for Bitcoin in 2018 and its worst November ever. However, the technology is there, and blockchain technology companies are making the revolution in many industries and sectors. Do you believe in the blockchain technology? So go for it.

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Bitcoin,Ethereum

Haru Invest – the Ideal Platform to Get in Touch with Crypto

Bitcoin is extending its collapse for the second day in a row as investors are worried about Bitcoin Cash hard fork and speculations of Bitcoin price manipulation. BTC/USD fell to trade as low as $4,218.00 on Tuesday, its lowest level since October 2017. Bitcoin is now 66% down on 2018, almost 80% down from its […]

22 March, 2022
Bitcoin,Ethereum

XBE Community Launches a $500k Bug Bounty

Bitcoin is extending its collapse for the second day in a row as investors are worried about Bitcoin Cash hard fork and speculations of Bitcoin price manipulation. BTC/USD fell to trade as low as $4,218.00 on Tuesday, its lowest level since October 2017. Bitcoin is now 66% down on 2018, almost 80% down from its […]

28 December, 2021
Bitcoin,Ethereum

11 Biggest Sponsorships Deals for the Crypto Market in 2022

Bitcoin is extending its collapse for the second day in a row as investors are worried about Bitcoin Cash hard fork and speculations of Bitcoin price manipulation. BTC/USD fell to trade as low as $4,218.00 on Tuesday, its lowest level since October 2017. Bitcoin is now 66% down on 2018, almost 80% down from its […]

1 December, 2021
Bitcoin,Ethereum

ChangeNOW Unveils a New Cashback Feature

Bitcoin is extending its collapse for the second day in a row as investors are worried about Bitcoin Cash hard fork and speculations of Bitcoin price manipulation. BTC/USD fell to trade as low as $4,218.00 on Tuesday, its lowest level since October 2017. Bitcoin is now 66% down on 2018, almost 80% down from its […]

15 November, 2021
Bitcoin,Ethereum

Celsius Casino is Raising the Temperatures with a Voluminous Game Lobby

Bitcoin is extending its collapse for the second day in a row as investors are worried about Bitcoin Cash hard fork and speculations of Bitcoin price manipulation. BTC/USD fell to trade as low as $4,218.00 on Tuesday, its lowest level since October 2017. Bitcoin is now 66% down on 2018, almost 80% down from its […]

9 November, 2021
Bitcoin,Ethereum

ChangeNOW Has Announced the Release of its Own Digital Wallet

Bitcoin is extending its collapse for the second day in a row as investors are worried about Bitcoin Cash hard fork and speculations of Bitcoin price manipulation. BTC/USD fell to trade as low as $4,218.00 on Tuesday, its lowest level since October 2017. Bitcoin is now 66% down on 2018, almost 80% down from its […]

29 October, 2021
Bitcoin,Ethereum

BitPanda Enhances Its BEST Rewards Programme

Bitcoin is extending its collapse for the second day in a row as investors are worried about Bitcoin Cash hard fork and speculations of Bitcoin price manipulation. BTC/USD fell to trade as low as $4,218.00 on Tuesday, its lowest level since October 2017. Bitcoin is now 66% down on 2018, almost 80% down from its […]

25 October, 2021
Bitcoin,Ethereum

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Bitcoin is extending its collapse for the second day in a row as investors are worried about Bitcoin Cash hard fork and speculations of Bitcoin price manipulation. BTC/USD fell to trade as low as $4,218.00 on Tuesday, its lowest level since October 2017. Bitcoin is now 66% down on 2018, almost 80% down from its […]

6 October, 2021