7-Day Variation in Bitcoin's Price
Due to confusion in Asia about the use of cryptocurrencies and due to tax day in U.S price went down this week from this week high of $7,500 to $6,600. Today price crossed the $7,000 as there is bright future in late April.
Some people are still confused that cryptocurrencies are banned or not in their countries like Pakistan or India. They are giving up hopes they should have a dialogue with the government officials to regularize the bitcoin rather than banning it or their governments should provide them alternative blockchain solution as blockchain technology is the future and it will be adopted more faster than any other money transfer system.
Tax days are over so American will start to buy cryptocurrencies again after 15th of April and there are chances of surge in the price of bitcoin after late April. There some other good news like George Soros a Billionaire is ready to trade in cryptocurrency even though he thinks it's a bubble but according to him this bubble will not have ending like previous bubbles.
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Can't wait for the dip to be over. This week was full of uncertainties I hope next week will be better.
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