Bitcoin has now recovered most of the 40% decline which occurred throughout the month of September, which was largely due to regulatory news out of China. The leading crytocurrency’s market cap now stands at US$75 billion.As the first successful decentralized cryptocurrency, Bitcoin has traditionally dominated the market, largely due to first mover advantages including network effect. While the open source project continues to attract more capital, more and more competitors, alternatives, and ICOs have done the same. Bitcoin’s market share has eroded significantly in 2017.
Bitcoin Price Analysis – Bullish continuation
Bitcoin has now recovered most of the 40% decline which occurred throughout the month of September, which was largely due to regulatory news out of China. The leading crytocurrency’s market cap now stands at US$75 billion.As the first successful decent…