Crypto News | Bitcoin has fallen by $2000

As we’ve already mentioned before in our news reviews, analysts kept on saying that the price of bitcoin might oscillate big time. Since there are many traders trying to invest, it has a big volatility and practically anything can happen. As we can see from the latest data, bitcoin has fallen by $2000. So, in this article, we’ll try to present short analysis. Most experts agree that the fact that bitcoin has fallen by $2000 isn’t really a surprise. It was rising so fast that it simply had to fall at some point. Besides that, there is some negative press coming from US Securities and Exchange Commission. On the other hand, bitcoin is still strong enough and investors are interested in investing in bitcoin despite this. Since bitcoin futures have been released, we can say that bitcoin is definitely a legit trading option.

As bitcoin has fallen, other cryptocurrencies, such as ethereum and litecoin, have been rising. Although their price still can’t be compared with bitcoin’s, they are becoming more and more important every day. For example, litecoin is up more than 8,900 percent over last year and more than 360 percent over last month. We’d also like to add that Charlie Lee, the founder of litecoin, decided to sell all of his litecoin. The main reason lies in the potential conflict of interest, meaning he now can completely separate his own opinions and actions from the performance of cryptocurrency. As we can see, the litecoin situation is quite dynamic and it might be a good option for investment.

The latest today’s news comes from the USA. The Republicans hold the House of Representatives and because of that a huge tax bill has gone through. It’s Trump’s first major legislative victory since January, when he took office. As you probably know, tax reform means that the U.S. corporate tax rate will be cut, and one of the main consequences is the way how the government will shape taxes of multinational companies. We will keep monitoring how the situation develops, so make sure you visit us regularly.


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Author: Max Rothstein

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