RATE Group | Bitcoin’s Terrible Month Isn’t Actually All That Bad
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Bitcoin’s Terrible Month Isn’t Actually All That Bad

19 Sep Bitcoin’s Terrible Month Isn’t Actually All That Bad

Posted at 07:09h in Bitcoin News by

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A photo illustration of the digital cryptocurrency, bitcoin, is seen on September 13 2018 in Hong Kong. (Photo Illustration by Yu Chun Christopher Wong/S3studio/Getty Images)

Bitcoin has seen quite a heavy sell-off over the last 30 days but that was preceded by a bull run, leaving the bitcoin price more-or-less flat — and reminding investors to take a wider view of market movements.

Despite hitting highs of almost $7,500 earlier this month, the bitcoin price has dropped back to just over $6,300 today — pretty much exactly where it was some 30 days ago.

There were fears in early September bitcoin, as well as other major cryptocurrencies including ethereum, ripple, and litecoin, were going into freefall as investors panicked over whether the much anticipated institutional money that many have been expecting to be injected into the market will actually appear.

That sudden sell-off now seems to have stabilized — with many still feeling positive a…

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