BTC: €3,500.56 | 5,16% since last week
ETH: €97.05 | 2,79% since last week
BCH: €124.63 | -29,94% since last week
LTC: €27.42 | 3,82% since last week
This time around last year Bitcoin passed €10,000 for the first time. Since then it has lost 80% of its all-time high value in December 2017. Currently, Bitcoin is trading at around €3,500.56 which is a 5.16% recovery since last week. Bitcoin’s current bear market began with Bitcoin Cash’s split, when it forked into Bitcoin ABC and Bitcoin SV (Satoshi Vision). The split resulted in an overall negative sentiment in the crypto market. As Roger Ver, Bitcoin Cash supporter put it “In a war no one wins... there is one at less damage and the other at more damage”. One theory on what caused the sharp drop in prices is that Bitcoin Cash supporters needed to sell their Bitcoins to support Bitcoin ABC (BCH) or Bitcoin Satoshi Vision (BSV). Altcoins are suffering great losses as Bitcoin sees new lows. Despite the bear market the crypto industry is booming. Cryptocurrency and blockchain-related jobs are increasing in a rapid pace. Bitcoin’s popularity is rising. The Bitcoin subreddit just celebrated its 1 millionth subscriber last week. Bitcoin is still the best performing asset in the last 10 years.
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