Hi this Dr.Zak. Today i am writing about the present scenario of Crypto currency market that got badly disturbed and crashed on the basis of research i made from some days.
Some time ago Crypto currency market was going like a jet or F16 and was increasing it worth day by day. This speedy upward growth were attratcing many masses i mean many people day by day and crypto currency market was expanding day by day.
In a very short time cryptocurrency has taken and covet much of the money market like onky bitcoin among crypto currency has taken Trillions of dollars.
But then suddenly something happens and thus market crashes too much and if we talk about the figures, i will roughly tell yiu that a single Bitcoin which was of 150 dollars has reached upto 55 thousand dollars for a single bitcoin and many crypto currency experts were predicting that BTC will hit 100 k dollars has crash down 35 and to 30 k dollars for a single BTC and people are also expecting more downfall.
One more cryptocurrency called BitCoin Cash which also came down from 1800 dollars to 600 doallrs for a single BCH.
What happens which crash this strong market.
The first thing is "Tesla" the CEO of Tesla "Elon Musk" Who said that we will not deal in Crypto currency. This news has just prooved devestating for Crypto currency Market and crashed it down.
The other thing is Chinese bank statement of bringing somethign alternate for this (P.S. i searched too much to get the exact statement but didn't got that).
As i am still a student so mistakes are possible and expected. Kindly do rectify me if i am wrong somewhere and i will appreciate that higly.
Thank you in advance.
