Bitcoin heading to Hippo market?!?

in #bitcoin7 years ago (edited)

Was reding news from cointelegraph. Wanted to ask where is our Great Bitcoin Bull?!??! Perhapsee Bitcoin heading to Hippo market!??
After breaking through the $20,000 mark on Dec. 17, Bitcoin suffered a rather large correction to $12,000 before rebounding and settling between $13,000 and $15,000. However, the digital currency has suffered a few setbacks since that monster rally, leaving some to wonder if the bull run might be over. The 2013 bull run was ended by the dramatic collapse of Mt. Gox, and so far, nothing that big has happened to Bitcoin. Nonetheless, it’s always possible that the end of 2017’s extraordinary run could die by a thousand cuts. Last year, China first banned ICOs and then closed cryptocurrency exchanges in the country. Now the government is taking aim at mining. China has long been the epicentre for Bitcoin mining, in large part due to the country’s inexpensive electricity prices. Now the Chinese government is considering restricting Bitcoin miners’ access to inexpensive sources of power, which would significantly change the economics of Bitcoin mining. There has also been a change in the dominance factor of Bitcoin as many looked to diversify their digital currency portfolios to better performing altcoins. Coins like Ripple, Ethereum and Tron have surged in value, essentially stealing market share from Bitcoin. As recently as March 2017, Bitcoin made up 85% of the total market capitalization of the entire market. Today, Bitcoin’s so-called dominance, or market share, has dropped to an all-time low of 33.6%.
image.jpeg
CC0 Licence image

Sort:  

Congratulations @groupmgpbank! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard!


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @groupmgpbank! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.16
TRX 0.13
JST 0.027
BTC 57560.27
ETH 2570.10
USDT 1.00
SBD 2.48