Last week was a miserable week for Bitcoin and crypto investors as the markets continued to shed their market cap. This week the bears have continued to win the battle against the bulls pushing the price of BTC and most altcoins further South. Questions remain unanswered, what is causing the drop in the markets? And are positive signs on the horizon?
The State of Bitcoin
The bulls were stampeding in the final months of 2017. The month of December saw Bitcoin approach $ 20,000. The following month of January saw a correction of epic proportions concluding in February when BTC dipped under $ 6,000. This was a percentage decrease of over 70% from BTC’s December highs to their February lows. The bears seemed to have taken full control of the market back from the bulls.