The cryptocurrency has been going through massive ups and down from past few weeks. The approx. loss of 7 percent was on Monday, where the tumbling of bitcoin continuous to $7,879. The news of ban of cryptocurrency ads on social platforms like Facebook, Twitter and Google have been affecting the marketing these days.
The slide in cryptocurrency is all temporary and not for much time. As it has been observed in terms of bitcoin that every now and then the price of bitcoin shots up again after a massive loss. Similarly, when the cryptocurrency decreased by 12 percent in January after the announcement made by Facebook to ban all the ICO’s and cryptocurrency advertisements on their platforms. Later the price regained and came back to normal from very low to high.
Such news creates havoc in the market but for the short span of time. As per the belief of cryptocurrency analysts, the Bitcoin will retrieve from its fall and again could get back above $19,000 the same year.
The investors are interested to buy bitcoin in India and worldwide at this price which they believe will soon be getting back to the higher with huge profits for their investments.
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