World’s largest cryptocurrency – Bitcoin continued its down rally as it slipped to 5.5% of its value sitting at 36,321 US Dollars on Thursday at 10 am UTC.
The second-largest cryptocurrency – Ethereum, also dropped to 2,599 US Dollars, following a considerable fall in the value of other alternative currencies.
The world of Cryptocurrencies has also witnessed a substantial decrease in the total market cap from its all-time high of 3.1 trillion US Dollars in November to 1.67 trillion US Dollars.
However, the experts are forecasting a possible bull run pattern, imitating the 2018 pattern of recovery, where Bitcoin had descended to 3,000 US Dollars after a hefty rise to 20,000 US Dollars a few months back.
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