Will the bitcoin recover?

It is hard to predict further development, watching to the current situation with cryptocurrencies, including bitcoin.

Once we became accustomed to the growth of a cryptocurrency, in a couple of days we see a drop. The question arose, will the bitcoin and other cryptocurrencies return to the at least latest price level.

Capitalization of cryptocurrency market is jumping ambiguously, the range of cryptocurrency only this week can be observed from 270 to 350 billion.

Consequently, the exchange rate of all сryptocurrencies is unstable too.

Many have already been happy with the price of Bitcoin in $9200, but unfortunately, he was able to take hold this value only a few days. And now we see the precipitous drop.

Moreover, the probability, that price of bitcoin and other many cryptocurrencies will grow in nearest future, is very small.

Today, 30.03 the price of Bitcoin is $6977.

Why does it happen?

Recently there a lot of negative news about bitcoin and crypto world in general.

An especially important event is the block of advertisement in all social networks, we wrote about it in the previous article. Twitter has, at last, marked the end, by block advertisement of cryptocurrencies and ICO too.

Also, there are some analysts, who think, that problem isn’t in this news, in overall the market is facing difficulties with recovering from 72% of correlation.

Really, on the currency exchanges, you can see, that after big leap up there is fall and after a long-term rise.

So, the current situation on the market can continue a few months, if there won’t be a suddenly real positive boom for cryptocurrencies.

Some good news :)

Cryptocurrency exchanger Board of Arbitrade became the owner of gold casts of a fist and palm of a hand of the ex-president of Republic of South Africa Nelson Mandela.

For these artifacts company paid 10 billion in bitcoin.

As the company said, this is a way to draw the attention of young generation to the personality of Nelson Mandela.

Nelson Mandela was a great statesman and politician, owner of the Noble Prize, a famous activist in the rights to freedom and just a person with an incredible history of life.

Also, the fact is interesting, that casts were bought in instalments, Board of Arbitrade undertakes to pay for 2 billion in bitcoin every quarter.

If you need a bitcoin, you always can to buy it on https://orangecoin.com/.

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