Travis Kling stated that digital currency has all the potential of making it to become the best performing asset of the upcoming year.
This month, cryptotraders’ financing of the cryptomarket has been relatively better than that on the Wall Street, case in point being BTC and S&P 500.
The most recent equity marketplace news is quite a sad read for traditional equity traders, as the Dow Jones Industrial Average is crashing down.
For a digital asset that lost 98% of its all-time peak price, BCH looks quite strong in the wake of a severe bearish trend in the cryptomarket.
President of the US cryptoexchange, Coinbase, stated that present recovery action is not surprising and will likely continue next year.
Spencer Bogart, a partner at dominant digital currency VC company Blockchain Capital, claims that Bitcoin’s institutional sector is solidifying.
Subsequent to continual market fluctuations, all fault of tech stocks, interest rate hikes and disputes over trading, bears call a potential crash.
On Saturday, the cryptomarket was in danger of dropping beneath the 100 billion USD level in overall valuation for the first time since August 2017.
Such was the statement of Stephen Pair, chief executive of BitPay cryptoexchange, who said speculation plays a big role in the current BTC value.
Today, subsequent to a rather big sell-off from the 3,400 USD area, the BTC value dropped once again, hitting 3,200 USD yearly low mark.
In the course of the past two days, the BTC value has found stability at nearly 3,400 USD after hitting a new record low for 2019 at 3,210 USD.
Over the past 72 hours, BTC value has displayed heavy fluctuations in the ballpark of 3,200-3,600 USD.
Tether has appeared in the top 5 list of digital currencies by market capitalization, all because of the drastic decline seen in other major assets.
Novogratz, Breyer, and Draper are only a few of the many billionaire financiers in the conventional financial market who are optimistic towards crypto.