Despite an expected selloff by investors last weekend, Bitcoin prices are recovering quite rapidly. Bitcoin markets plunged as selling began, gathering speed as others worried over dropping prices and sought to sell their own Bitcoin holdings. Trading volumes reached record highs during the frenzy. But Bitcoin prices are coming back up very quickly, much more quickly than many analysts had expected. Selloffs are not unusual when Bitcoin reaches record highs. Analysts in both the US and Japan are optimistic over large new investors that are expected to enter Bitcoin trading soon.
- If investing is something your thinking about trying, bitcoin seems to be a step in the right direction. According to the investment polls.
- Bitcoin is looking like an investors pick of the day. I would choose wisely if I was investing, I would choose bitcoin.
- Mike Novagratz billionaire hedge fund legend, revealed that alot of investors are thinking about joining the bitcoin industry.
“The sell-off of large sums of Bitcoin in the past few days led to a domino effect, wherein traders started to panic selling their Bitcoin in fear of market uncertainty and a major Bitcoin price correction.”