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Count on the DC Forecasts Crypto News Team for the Latest Bitcoin Updates

Investing in Bitcoin requires nerves of steel, and also keeping an eye on the latest crypto news. Better still, you should have an idea of what is in store for the market. Look at what happened last year, for example.

The Highs and Lows of Bitcoin

Bitcoin surged in price to an all-time high over the course of a month and then practically halved in value over the course of a week. All because China had banned ICOs and shut down local crypto exchanges. This came at a bad time because U.S. banks had just put an end to buying Bitcoin by credit card.

Why are we bringing this up? The surge in value was caused by a Bitcoin frenzy that started to sweep the globe. Everyone knew someone who knew someone that had made a fortune with Bitcoin. It was difficult not to get caught up in all the excitement.

This caused a huge jump in value as everyone was trying to get in on the action. The problem was that not many of these new investors understood the market that they were buying into. So, when bad news hit, it caused a panic and people who only a short while before loved cryptos were trying to sell them. Read More..

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