2018-7-1 08:13 |
With so much talk and news coming out about cryptocurrency, many dejected investors are wondering ‘What is holding Bitcoin back?’
‘Chain Gang Blues’
Bitcoin has had many great upgrades recently, especially with the addition of the Lightning Network earlier this year.
Last summer, the number of monthly transactions mostly fell within the 200-300 thousand range, with some outliers.
Perhaps the decline of the traditional global markets, as well as the exhausted and apathetic cryptocurrency market are tugging the price of Bitcoin down along with it.
What do you think are other prominent reasons that Bitcoin and the cryptocurrency market is down?
Images courtesy of Blockchain.com and TradingView
The post 3 Reasons Bitcoin is Singing the Blues appeared first on Bitcoinist.com.
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