• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Blockchain
  • Bitcoin
    crypto traders 2021

    Top 5 Crypto traders to follow on Twitter in 2021

    featured image

    Everything you need to know about Bitcoin IRA

    featured image

    How Bitcoin can be hacked?

    featured

    A starter guide to Bitcoin Options trading

    Featured Image

    With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

    featured image

    Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

    featured image

    Why is Bitcoin a safe haven in a financial crisis

    featured image

    How to Make Money in Crypto When It Falls

    featured image

    Despite Resurrection of Old Bitcoiners, HODL Waves Indicate Bullish Accumulation

    Trending Tags

    • Altcoin
    • Crypto Lists
    • News
      bitcoin laser eyes

      Bitcoin Laser Eyes, What is it all about?

      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      featured image

      Breaking : Crypto Trading is now legal in South Korea

      RBI to allow crypto trading

      Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

      featured image

      Steemit Joining TRON Ecosystem

      Reliance Jiocoin

      Reliance Jio is preparing for Jio Coin launch in 2020

      A $134 Million real estate has sold on ethereum blockchain

      A $134 Million real estate has sold on ethereum blockchain

      Hacking attacks on cryptocurrency exchanges

      Hacking Attacks on Cryptocurrency Exchanges are rising, Why?

      Bithumb Launches in India

      Bithumb Global Launches in India

    • Crypto Market
    • Guide
    • DEFI
    No Result
    View All Result
    • Blockchain
    • Bitcoin
      crypto traders 2021

      Top 5 Crypto traders to follow on Twitter in 2021

      featured image

      Everything you need to know about Bitcoin IRA

      featured image

      How Bitcoin can be hacked?

      featured

      A starter guide to Bitcoin Options trading

      Featured Image

      With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

      featured image

      Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

      featured image

      Why is Bitcoin a safe haven in a financial crisis

      featured image

      How to Make Money in Crypto When It Falls

      featured image

      Despite Resurrection of Old Bitcoiners, HODL Waves Indicate Bullish Accumulation

      Trending Tags

      • Altcoin
      • Crypto Lists
      • News
        bitcoin laser eyes

        Bitcoin Laser Eyes, What is it all about?

        Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

        Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

        featured image

        Breaking : Crypto Trading is now legal in South Korea

        RBI to allow crypto trading

        Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

        featured image

        Steemit Joining TRON Ecosystem

        Reliance Jiocoin

        Reliance Jio is preparing for Jio Coin launch in 2020

        A $134 Million real estate has sold on ethereum blockchain

        A $134 Million real estate has sold on ethereum blockchain

        Hacking attacks on cryptocurrency exchanges

        Hacking Attacks on Cryptocurrency Exchanges are rising, Why?

        Bithumb Launches in India

        Bithumb Global Launches in India

      • Crypto Market
      • Guide
      • DEFI
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home bitcoin

      Bitcoin Falters Below $3,400 USD

      Hitesh Malviya by Hitesh Malviya
      January 8, 2019
      in bitcoin
      0 0
      0
      bitcoin falter below 3400
      3
      SHARES
      16
      VIEWS
      Share on FacebookShare on Twitter

      Following suit with the generally downward direction of the cryptocurrency market, Bitcoin has set a new all-time low for 2018. Along with its price, the cryptocurrency market and Bitcoin alike have lost significant market capitalisation as well. The cryptocurrency market has also lost quite a large amount of community members because of recent events and developments in the cryptocurrency market and the bodies across the world trying to regulate it.

       

      Bitcoin, in the early hours of today morning, lost another 11.6% and breached another low. In the early hours of today morning, Bitcoin slipped down to $3,306 USD. This fall has brought Bitcoin below its previously predicted support line. Which was $3,500 USD.

       

      The Bitcoin market has also lost a large chunk of its market capitalisation. It has dropped by $4.8 billion in the past twenty-four hours and has lost a lot more over the course of the last couple of weeks.

       

      These new lows the Bitcoin is breaching are a direct result of mass sell-offs and a general discontent in the cryptocurrency community regarding the happenings of the past couple of weeks.

       

      Experts and analysts say that the cryptocurrency market’s downfall in something that began right after the bull of 2017 and then following that a lot of external factors have further increased the force with which the cryptocurrency market has crashed. Further, the cryptocurrency market has lost more than half of what it gained in the bull last year and has undone the change of the same.

       

      One of the main contributing reasons for the fall of the cryptocurrency market is that the US tax year-ending is coming up and people that have held on to their cryptocurrencies for more than a year are being slapped with exorbitant capital gain taxes. The taxes are so high that the people either can’t afford it or don’t have enough cryptocurrency to pay it off. Which has led to a mass sell-off in the cryptocurrency market and has affected it dearly.

       

      bitcoin below 3400$

       

      Another factor that was temporarily the cause of the cryptocurrency market’s fall was the BCH hash war that ensued. But that has now long since been settled and the extra strain on Bitcoin has been removed.

       

      With that being said, the cryptocurrency market is said to experience this downward trend for at least another year. Experts and analysts from the community have proposed that the bear market will last up to as far as the second quarter of 2019.

       

      Currently, Bitcoin is trading at $3,387 USD.  

       

      Must Read Why Bitcoin is Falling

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: #blockchain #bitcoin #Cryptocurrencybitcoinbitcoin can recoverbitcoin fall below 3000$bitcoin fall below 3400$ USDbitcoin future
      Share3TweetPin

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      crypto traders 2021

      Top 5 Crypto traders to follow on Twitter in 2021

      by Hitesh Malviya
      February 19, 2021
      0

      Top 5 Crypto Traders to follow on twitter Twitter is a good place to seek free crypto trading advice but...

      featured image

      Everything you need to know about Bitcoin IRA

      by Nivesh Rustgi
      February 12, 2021
      0

      In this article, We will discuss Bitcoin IRAs, Laws and regulations, Service providers and future of bitcoin IRAs. The tax...

      featured image

      How Bitcoin can be hacked?

      by Nivesh Rustgi
      February 5, 2021
      0

      In this article, we will discuss how bitcoin can be hacked. Bitcoin runs on blockchain technology, in fact, it...

      featured

      A starter guide to Bitcoin Options trading

      by Nivesh Rustgi
      February 3, 2021
      0

      In this Guide, we will cover Bitcoin options trading, options trading platforms and how to trade bitcoin options on deribit....

      Featured Image

      With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

      by Nivesh Rustgi
      June 21, 2020
      0

      Bitcoin hash-rate recovery is underway and we can expect a buy signal post the miner capitulation soon. However, the...

      Load More

      About Us

      We share important articles on blockchain technology here. Our mission is to spread the awareness about blockchain technology to masses through content.

      • Trending
      • Comments
      • Latest
      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      February 22, 2021
      Top 10 Altcoins to buy on Uniswap – Part 1

      Top 10 Altcoins to buy on Uniswap – Part 1

      February 21, 2021
      non fungible token

      Non-fungible Token(NFT): The Next Big Thing in Crypto Market

      February 18, 2021
      featured image

      Top 10 Low market cap altcoins to invest in 2021

      February 24, 2021
      crypto traders 2021

      Top 5 Crypto traders to follow on Twitter in 2021

      February 19, 2021
      TOP TEN altcoins to buy in february 2021

      Top Ten Altcoins You Should Buy in February 2021 – Part 2

      February 9, 2021
      bitcoin laser eyes

      Bitcoin Laser Eyes, What is it all about?

      February 20, 2021
      defi categories

      Top 5 Defi Categories to watch out for in this Altcoin Season

      February 25, 2021
      A simple guide to understanding FTX Bull and Bear tokens

      A simple guide to understanding FTX Bull and Bear tokens

      February 24, 2021
      featured image

      Top 10 Low market cap altcoins to invest in 2021

      February 24, 2021
      featured image

      Top 10 Blockchain companies in the world

      February 22, 2021
      Handle crypto Trading Losses

      How to Handle Trading Losses

      February 21, 2021
      bitcoin laser eyes

      Bitcoin Laser Eyes, What is it all about?

      February 20, 2021
      Cofounders of Ethereum : The mystery revealed now

      Cofounders of Ethereum : The mystery revealed now

      February 20, 2021
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        0 shares
        Share 0 Tweet 0
      • Top Ten Altcoins You Should Buy in February 2021 – Part 1

        0 shares
        Share 0 Tweet 0
      • Top Ten Altcoins You Should Buy in February 2021 – Part 2

        0 shares
        Share 0 Tweet 0
      • List of leading partners of Ripple, and How they use XRP?

        137 shares
        Share 137 Tweet 0
      • Top 10 Low market cap altcoins to invest in 2021

        20 shares
        Share 20 Tweet 0

      cointraffic

      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • About US
      • DEFI
      • Home
      • Newsletter
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.