Bitcoin is behaving as a proxy for taking investment risk. In other words, its price is being driven not by fundamental value, but by folks on the. Things have cooled off in 2018 as prices fell significantly, however many are still bullish about Bitcoin's long-term potential. To that end, the scarce, deflationary. The bitcoin price lost $1,000 in a matter of hours, falling under $11,000 per The current bitcoin market is "similar to the first half of 2017,".
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