Bitcoin down in the dumps? Last night almost all cryptocurrencies dipped in value anywhere from 10-20% total value, for the second night in a row!
My theory-There is a possibility as the recent high prices have developed, they incentivized people to sell. This recent dip has admittedly been shocking; however, it may be due to the influx of coins in the market as people sold. It will likely recover to around 15,000$ before gradually falling again in my opinion. It probably will not go above 16,000$ again, and gradually lose popularity. Lite coin dropped from around 325-350$ down to 266$ (at the time of writing) in a period of 48 hours! This is an incredible fall! I think lots coin is going to phase out-and will probably die first of the major cryptocurrencies.
Anyway-I just wanted to check in so feel free to discuss in the comments!
