The biggest fluctuations in the prices of Bitcoin were seen in the year 2017 where the price of the leading cryptocurrency surged by a big margin. The prices of Bitcoin was below $4000 for many days, however, on Wednesday, the prices of Bitcoin came back to track when it rallied 10% over $4100 for the very first time since April. The leading cryptocurrency in the world hit the high of $4157. And at the time of writing this; Thursday, 10:20 PM, the prices of Bitcoin are $4296, which is massive growth after waiting for a lot of months. Not just there is up in the prices of Bitcoin, but other altcoins have also risen on the same day.
Bitcoin in the Past
Bitcoin has lost around one-third of its value in the earlier weeks where it faced high selling pressure. The largest crypto in the world lost over 70% of its market value this year. Last year, in December, the prices of Bitcoin hit around $20,000. The undeveloped market infrastructure is one of the causes of such fluctuations. There is a separate news box on AltCoinEra that covered all the past months news on Bitcoin.
As per the analysts, the United States Securities and Exchange Commission has to be blamed for the sell-off – because of the delay in the approval of new BTC instruments, and investigations of Initial Coin Offerings (ICO) and other cryptocurrency exchanges.
The Securities and Exchange Commission (SEC) has given many penalties against Paragon Coin and Airfox, which led to selling virtual tokens in Initial Coin Offerings. However, the companies have decided to return the funds of the investors (who are harmed in it), and also to register the tokens are securities, along with file reports with the Commission, and also paying back penalties on behalf of the investors.
How famous is Bitcoin?
People in the world are still as curious about Bitcoin as they were before. The Google analytics is one of such examples where the Bitcoin buyers are live evidence that there is a rise in the Bitcoin searches on the platform. The last 13 months’ data regarding the Bitcoin interest is as:
It will be interesting to see the future graph of Bitcoin, as the leading cryptocurrency would likely to grow in the coming days.