The value of the Bitcoin currency is approaching an explosion, similar to the dot.com bubble

July

2018

The Bitcoin virtual currency, which was previously crowned a "game-changer" to the whole economy, retreated on Friday 29th, completing a 70% fall from the peak it climbed in December, making it even closer to the 78% the NASDAQ index fall after the burst of the dot-com bubble in the US between 1995 and 2001, when the NASDAQ index stood at 5,132.52 points .

" The Marker" website reported that the value of Bitcoin fell 4.2% to $ 5,791 on Friday, its lowest since November. Bitcoin was trading at $ 5,878 at the end of the week, 59% down this year and on its way to a 14% drop in the second quarter. Other digital currencies, including Atrium (452.08 -0.34%) and Lightquin (80.04 -1.31%) recorded even sharper falls, and the total value of all the digital currencies tracked by CoinMarketCap.com dropped to $ 236 billion. However, on Saturday (30.6) Bitcoin rallied slightly, trading up 3% -5% around $ 6,400 .
There is no clear reason for the sharp fall on Friday, but many attribute it to the South Korean exchanges hacks and the tightening regulation in Japan. Regulators around the world stepped up surveillance of the krypton coins for fear of being used for illegal activities such as money laundering, fraud and market manipulation.
Many crispo coins were even more damaged. There are currently between 1,000 and 800 digital currencies worth close to zero, and less than 4 percent of currencies with a market value of $ 50-100 million are successful or promising, according to an analysis conducted in March by the ICO (Digital Currency Issues) Group.
Digital currencies such as Bitcoin have recovered in the past from sharper falls, but it's not clear if it will be able to repeat this, when most of the world has already decided whether to invest in the currency or not.
For the hebrew article in The Marker:
https://www.themarker.com/wallstreet/1.6222023?utm_source=App_Share&utm_medium=iOS_Native