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Bitcoin May Rebound Again and Hit Above $4,000 in Next Year

In last 24 hours the price of Bitcoin has retraced from $4,000 to $3,800, falling to $3,767 at the day’s lowest point.

On the last day of the month Bitcoin is blooping till $3,600 only and it surpassed till $4,000, initiating a promising rally from around $3,600. The decline in the Bitcoin price led other major crypto assets such as Ripple (XRP) and Ethereum (ETH)to drop by a larger margin than the dominant cryptocurrency. The Ethereum price, for instance, dropped from $154 to $141, by over eight percent against the U.S. dollar.

But on the other hand the use of cryptocurrency is growing popular day by day, accordingly some investors are backing back from crpyto because of downfall of market like Wall Street.

This whole year Bitcoin has died many of times and till the last of this year bitcoin is not trending high not going above $4,000. Coinbase Exchange tweeted: 

Whereas some people are trading high and investors holding long for Bitcoin and cryptocurrency to rebound.

Depending on the short-term performance of Bitcoin, major crypto assets could demonstrate signs of recovery in the first month of 2019 or continue to experience a sell-off throughout the first quarter of next year.

 

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