RATE Group | How low will bitcoin go? ‘Crunch time’ for cryptocurrency as experts predict 2019 price
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How low will bitcoin go? ‘Crunch time’ for cryptocurrency as experts predict 2019 price

12 Dec How low will bitcoin go? ‘Crunch time’ for cryptocurrency as experts predict 2019 price

Posted at 16:32h in Bitcoin News by

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In December 2017, the price of bitcoin was approaching $20,000 after months of miraculous growth had pushed its price up by more than 2,000 per cent since the start of year. There seemed no end in sight to the cryptocurrency being hailed as the future of money, as newly-minted early adopters encouraged newcomers to invest in the digital gold rush.

But twelve months later the Christmas miracle has transformed into a bleak midwinter for bitcoin. A series of swift price crashes in late December and early January, followed by months of steady decline, has left bitcoin trading at just $3,450 – its lowest value since August 2017. The question…

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