First of all, Bitcoin (BTC) is a decentralizalised digital currency , created in January 2009, it actually followed the ideas set out in a white broad paper by a mysterious and pseudonymous Satoshi Nakamoto .
REASONS FOR BITCOIN CREATION.
Bitcoin (BTC) offers a lower transaction fees than a normal traditional online payment mode . Bitcoin system is a combined computers commonly known as "nodes"/miners which runs over on its blockchain .
WHY BITCOIN CRASHED?
It actually left investors astonished to experience suck crash down over night which many new and old investors asked why?
Well, a massive sell_off on Friday night in the crypto market accelerated after the stock market closed on wall street.
The massive bearish move seems to be feed on itself , causing alot of fear in minds of young new and old investors in the crypto market .
There are some things to really check out in short term trading . One is that in the crypto world , liquidations are accelerated as investors with leveraged bets that cryptos will go bullish but it rather liquidated from it's original positions .
According to "coinglass.com" $1.14 billion in coin position have dropped down in the last 24hours and $416 million of that group came up to play just the last few hours . This took place across the industry, but Ethereum is being faced at hardest with over $113 million crash down in counts just in few calculated hours .
SO NOW?
In the recent change with the matter now is that hopefully the trend will revive and a hooge bullish force is soon expected in the crypto market even though it is not yet specified .
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