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Bitcoin and almost every other cryptocurrency have been besieged this year, but the bitcoin seems to have benefited from its own Santa Claus rally. The largest digital currency for market value was hovering at $ 3,000, but now it has exceeded the price of $ 4,000 in just three days.
Until the cryptocurrency, which was once the toast of the city, can revive and come out of its last correction, recalls the bubbles of the past market that have elevated investors into a state of euphoria before exploding without so many ceremonies and to fall on the earth. Bitcoin losses since the beginning of the year are around 70%.
"However, 2018 was a horrible year for many cryptocurrency investors.The bitcoin has fallen over 80% from its record high of almost a year ago, only this year has dropped by 72 percent and struggled to attract new buyers, "reports CNBC.
In 2017, buyers have never had enough bitcoins and other digital resources, but the theme has strongly reversed in 2018.
"Finding new buyers was not a problem last year: Bitcoin became the name of a family in 2017 when retail investors made speculative bets on cryptocurrencies, collecting money through the initial offer of coins ", according to the CNBC.
Crypto Outlook
By 2019, the prospects for bitcoins and rival cryptocurrencies remain obscure due largely to an increase in regulatory efforts and a lack of mainstream adoption.
Among the issues afflicting bitcoin this year is the reluctance of US regulators to approve the funds exchanged in connection with bitcoins, as well as data that indicate that the acceptance and adoption of the currency digitalis are in decline.
