trading

Bitcoin, Ethereum and the Crypto Market are all 'crashing'... supposedly

Today, (Thursday, 15 June)  prices for Bitcoin, Ethereum and the majority of Cryptocurrencies are nosediving. It started yesterday, actually. I tried searching for what the reason could be. So far here are potential contributors:

1. There is an announcement that some mining company is going to fork Bitcoin. 

So what? They split Bitcoin, then you just choose which version you like right? It is no reason to panic now. 

2. Some politicians in Europe and America want to regulate Bitcoin and Cryptocurrencies.

Might Bitcoin shoot  upwards?

Looking at the last few months, comparing the exchange rates between Bitcoin, the Australian dollar, the Euro and the US Dollar, as well as the news in India, Europe and China, there is tension visible on the trading charts. 

Traders and investors seem to be jostling for positions and placing their bets. It seems optimistic to me. There's a heightened probability that Bitcoin is about to strongly push above its current price.

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