BlockMedia Report – Bitcoin drop 20% from 5000 high.

If you spent your long weekend relaxing, I hope you enjoy it because this week is rough for cryptocurrencies. See the graph below, mostly losing big time. As of writing this post, STEEM value is $1.10 down from last week.

Image by CoinMarketCap.com

This is due to China's Banks to ban digital token and SEC already sending letters to ICO's company who is based in the USA.

Maybe this is just another obstacle to overcome as the cryptocurrency continue to mature. What do you think?

Though Last July 24, the Bitcoin value is $2777.26 still a huge gain despite of losing 7.33% for the last seven days of trading.

Source: https://que.com/blockmedia-bitcoin-drop-20-from-5000-high/

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