Let’s have a look at the economic calendar.
Bitcoin is near dramatic lows
Cryptocurrencies are depreciating because of several reasons. First of all, there is no positive news on the market. The regulation becomes tougher. More social networks ban cryptocurrency adds. LinkedIn joined a group of Facebook, Google, and Twitter. Cryptocurrency exchanges have to close. Only this week the information about the closing of two exchanges in Japan appeared. More shutdowns are anticipated. Secondly, the users’ interest has significantly declined. The benefit from mining is reducing as more mining companies appear.
Bitcoin is showing dramatic lows again. Today the cryptocurrency plunged to $6,600 but managed to brace energies and climbed to $7,000. Experts predict the fall to $6,000. However, there is a high possibility that bitcoin will rocket after.