Source image
The year 2018 significantly affected the value of electronic currencies
And it has become alarming in many investors
Many declined to invest in these currencies
For fear of losing their money
Today the value of bitcoin has fallen more and more
Where it reached 6200
This is a very low value for the high value it reached last year
"If we go back to the summer of 2017, when crypto prices were booming, there was about a 100, 200, maybe 300 new crypto hedge funds that were formed," Bogart, who is a partner at Blockchain Capital in San Francisco, said on "Fast Money" Monday.
Where the bitcoin value last Friday decreased by a very large percentage
This decline is seen as 70 percent of the value of the currency
This decline was not only in bitcoin but impacted all currencies
Such as Ethereum, litecoin
But the currency managed to rise again but very little on Monday, spreading optimism among many investors
Brian Kelly, CEO of BKCM LLC, an investment firm focused on digital contracts, said it's "still early," but added he saw the first signs of bitcoin making a comeback on Monday, including "quite a bit of demand coming from Asia."
"We saw bitcoin hit new lows; I think we went to $ 5,779," Kelly said on "Power Lunch" Monday. "And then within about 10 or 15 minutes you had a huge ramp up, hundred, two hundred points, and that's typically the action that bitcoin has shown at bottoms."
?Will Bitcoin continue to rise or continue to decline
Source
Electronic currencies