Bitcoin price again drops below $6,000
After seeing a record high of passing $6,000 mark a couple of days ago, Bitcoin is now again dropping back to $5800, as observed
Bitcoin for a long time stayed at a value of 4000ish due to market news and different governmental decision in different economies. For example, in China, cryptocurrency exchanges were asked to shut down until and unless government introduced some regulations for Initial Coin Offerings and trading of Bitcoins and Altcoins.
After an episode of negative press, we are also hearing positive and encouraging news from tech leaders and investors. A former manager at $72 billion investor Fortress, Michael Novogratz, thinks that the value of Bitcoin will reach $10,000 in the next few months.
In other news, Russia and Dubai both are launching their own cryptocurrencies keeping the underlying blockchain concept intact.
