Cryptocurrency countdown started, Bitcoin may be crash soon as it is down 80% in 2018

November is very dangerous for bitcoin, as well as small cryptocourrencies like XRP and ether. The investors who had invested a in the BitCoin a year ago is now feeling a bit cheated. As the last year bitcoin was close to 13 lakh rupees, but this year it dropped by 80 percent. Now it is between 2 lakh and 3 lakh only. BitCoin may be crash soon.

Bitcoin downtrend chart

A year ago, Bit Coin was at its peak. People were getting more attracted towards Bit Coin But in the year 2018, bit corn is constantly falling down. Even before touching the figure of 13 lakh, Bitcoin is going downhill and is rounding below 3 lakh rupees.

Although Michael Morrow, CEO of Genesis Global Trading, pointed out that the cryptocurrencies has fallen 'down' very fast, but the buyers are still active there. He still said Bitcoin's future is well. According to CNBC, November 2018 has been painful for major players in crypto.

According to CoinMarketCap, the market capitalization of all major crypto hit $70 billion for the month of  November. XRP, the world's second-largest cryptocurcency, fell 18 percent in November, while at the same time 43 percent of the ether fall.

However, fall in crypto currency may be partly due to the miners switching to other currencies. JP Morgan Chase and Company says that after the fall of bitcoin, some people are losing money in the industry.

What are your thoughts on the falling of Bit Coin? Type in the comment. If you liked this post, do not forget to subscribe newsletter and sharev with your friends.
\----------