Crypto News | Bitcoin January price low

As we can see from statistics, Bitcoin January price is on a downward slope. At the very start of this year, Bitcoin’s price was around $13,000, but its value has been declining. On the last day of January, Bitcoin was traded at the price of $10,035, while today it’s worth $9,850.31. If we take a look at the charts representing the movement of Bitcoin’s price, we can notice that there are no signs of spikes that could be seen last year. So, there is no doubt that Bitcoin January price is slipping, but should we be worried. Well, this is not the first time this has happened – in January 2015 the cryptocurrency fell by a whopping 30.9 per cent. Besides that, we have to keep in mind that Bitcoin traditionally begins every year with bad results – it experienced declines in four out of last five Januarys (2013 – 2017). Some analysts relate this year’s decline with the situation in South East Asia, where Bitcoin holders are selling it off in order to get more money for the lunar year.

Another big cryptocurrency, Ripple, is experiencing an interesting phenomenon. According to coinmarketcap.com, Ripple is the third cryptocurrency by market capitalization. Experts say that Ripple might grow even more, and one of the main reasons is RippleNet, the cryptocurrency’s enterprise solution. RippleNet has reduced the time it takes for a transaction to go through to seconds, so Ripple can handle more than its competitors. If you’re into investing, Ripple definitely might be the one.

As for the other business news, Facebook Inc said that its ad business will definitely remain highly profitable. As you probably know, Facebook has made some changes to its products trying to deter foreign influence campaigns. According to the statements of the company’s executives, these changes are good for their business, especially long-term. At the end of the last year, the time that users spent on Facebook has fallen big time (by about 50 million hours a day). We will see how these numbers will behave at the beginning of this year.

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