“Report”: No reason for rise in Bitcoin price - COMMENT

Bitcoin price’s reaching $5,000 again paved the way for active discussions. Economists and experts put forward various ideas on natural or artificial rise of the price.

Report’s analytical group believes that there is no reason for rise in Bitcoin price, its current price is artificial and will fall again.

A few days ago, a buyer purchased bitcoin worth $100,000,000 and caused revival among the investors, the number of those intending to buy bitcoin increased, however, the market players were cautious in their actions. For instance, nearly 25,000 bitcoins were exchanged within an hour. Such an attitude to a financial market shows that the price won't keep on rising.

Within 24 hours, Bitcoin price dropped by 4% to $5,040.