Have no fundamentals, Price Correction will be In Bitcoin

Bitcoin can price reductions worse in the coming months. The cause, a digital currency (cryptocurrency) has no fundamental value.
This is the result of research Capital Economics published Thursday (5/4/2018). The company, based in London, describes price Bitcoin Cs has been quite correlated with the S & P 500 index since its price has decreased from the highest price at the end of the year 2017.

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As for the stocks has been hit because of concern the U.S.-China trade war increased intensitasnya. "In other words, the factors that drive the price of Bitcoin is still somewhat different with other asset driving factor," said Capital Economics was quoted as saying from the CNBC International.
"We estimate the stock price will go down due to a rise in U.S. interest rates will slow economic growth. But the main factors that drive the price decline of the Bitcoin is likely to be true in the long run. Cryptocurrency will also not so alternative currency substitute conventional money, "added Capital Economics.

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Bitcoin records the highest price in mid-December 2017 when it costs nearly US $20,000/btc. I-2018 quarter of as much as US $114,9 billion or equivalent to Rp 1,551.15 trillion in market capitalization due to its declining prices Bitcoin Bitcoin.
Currently Bitcoin is struggling to break through the level of price of US $7,000/btc. According to Coinbase, on Friday (6/4/2018) at 16.05 BST, Bitcoin traded dikisaran US $6.602, 29/btc or equivalent Usd 89.13 million. In the last 24 hours the price has come down 4.08% with 12,839 coins are traded.