Bitcoin fell below $5200 mark

The 20 day hearing, according to the Bitstamp price display, bitcoin prices on Monday, the European market intraday fell below $5000 mark for the first time since October 2017.

Analysts said that with the virtual currency collapse began to ferment, bitcoin prices will fall further. Analysts also said that bitcoin prices may fall to $1500, 70% of the market capitalization will evaporate.

Analysts believe that bitcoin cash (BCH) will usher in the “hard bifurcation of bitcoin’s recent collapse causes. This hard bifurcation initiated by long-term self proclaimed Nakamoto Australian Craig Steven Wright, he is the main BCH and BCH loyal defenders within the community dispute between the CEO bit, Wu Jihan.

It is reported that, at present by the encryption currency market plummeted, the world famous manufacturer NVIDIA graphics also presents the recent price decline, the market value of the evaporation of $23 billion, which is equivalent to a AMD value.

Creative Planning, chief executive officer, chief investment officer Mulock (Peter Mallouk) said in an email, NVIDIA shares reflects the market for the future encryption money demand is expected to decline. Of course, this is bad news for NVIDIA, for bitcoin and other encryption currency, the warning function as the “canary in the coal mine”.

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