Why is bitcoin’s price dropping so much?
Posted November 29, 2018 03:01:03The bitcoin price has dropped so much over the last few weeks that it is now trading below $600 per coin, according to data from CoinMarketCap.
The Bitcoin price fell more than 5% over the same period last year, and is currently trading at $5,300 per coin.
CoinMarketcap is a site that aggregates data from various crypto-currency trading platforms and aggregates prices for non-bitcoin related assets.
According to CoinMarketData, Bitcoin’s market cap is around $1.5 billion at the time of writing.
That puts the value of all cryptocurrencies on the CoinMarketMarketCap at $3.5 trillion.
The number of coins trading in the cryptocurrency market is expected to hit $3 billion by 2021.
But the price of a bitcoin, as a whole, is expected not to reach that level by the end of the year.
CoinmarketCap says the bitcoin price will likely reach $4,000 per coin by 2020, and $5 and $6,000 by 2025.
The CoinMarket Cap data has been compiled over the past several years, with more recently the data for the year ending December 2019.
However, CoinMarket cap only tracks the market cap of the top 200 cryptocurrencies.
There are also a few more cryptocurrencies that are listed on the site that are not listed on CoinMarket.
The site only includes the top 20 cryptocurrencies, so there is a lot more space to work with.
The most recent data is from November 30, 2018.
In addition to the price decline, there is also a drop in the amount of coins that are traded in the crypto-market.
In November, there were around 1.7 billion coins traded on Coinmarketcap, and a total of 6.8 billion coins in circulation.
However that number has fallen to around 1 billion coins, and the total number of transactions on the platform has dropped to 5.3 billion.
The total volume of bitcoin transactions on Coinbase in November was around $11.7 million, which is down from November 29.
In terms of price trends, Coinbase’s bitcoin transaction volume has dropped since November 29th, when it was roughly 6.7% higher than November 29 and December 1, 2018, according a CoinMarket data analysis.
It dropped by almost 9% on December 1st, and by more than 2% in December.
On the other hand, the price for Bitcoin Cash has surged by more like 20% in the last week.
In terms of volume, the Bitcoin Cash market cap was around US$2.8bn in November and is now at US$5.4bn.
There is still some room for Bitcoin to continue its upward trajectory, as its market cap and number of coin transactions is much higher than the total market cap.
Bitcoin is expected in 2020 to hit its peak of $6.2 billion.