Bitcoin price overview of the last two months

Bitcoin has shown everyone that how the market can go up and down in a moment and people can earn million dollars and lose as well within a few weeks. Bitcoin also attracted the stock market brokers and buyers, they put a lot of money to this coin in which they earned a lot of profit in the beginning but with the time everyone lost their money because of the big fall in the crypto market.

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer to peer bitcoin network without the need for intermediaries. Bitcoin came to existence in the year 2009, and it was founded by Satoshi Nakamoto. In the year 2016 bitcoin caught fire in the market and many people bought its shares, the so-called cryptocurrency became the billionaire market within a few nights.

After the success of Bitcoin many other cryptocurrencies came to existence, but according to the World Bank and many governments, cryptocurrency was not safe to invest money, because there is no person who is handling your money, if you lost your millions, you cannot file a complaint against anyone. And this causes the Bitcoin banning in many countries starting with China. China was the first country who banned Bitcoin.

Following China, many countries including India also banned Bitcoin and other cryptocurrencies. People faced a lot of loss because of this ban, however after big ups and down now Bitcoin prices seems stable, so here is the price overview of the last two months-

 

Launched in 2009 by a person or a group of persons using the name Satoshi Nakamoto, Bitcoin gained significant importance when it topped $5,000. Within two months Bitcoin leapfrogged from $5,000 to $18,000, but since then it has tumbled to $6,000 before rising again.

On August 18, Bitcoin hit the highest mark after the fall, which was $8,000 but within 10 days it came down at $6,143. After that bitcoin prices increase very slightly, such as on September 4, recorded $7,358. Since then Bitcoin prices never raised again, instead, it gets low day by day.

From September 18 to till date Bitcoin prices stuck between $6,000 to $6,500. Bitcoin has gained 410% of its market value, this year alone. The cryptocurrency which worth almost nothing from 2009 to 2012, was increased tremendously in the year 2016 and 2017.

The reason behind the down market of cryptocurrency is government, in India Modi government banned this big opportunity, so that they can launch their own cryptocurrency "Laxmi coin" in the year 2019.

Bitcoin was a really good opportunity for many people to become rich in very less time but it got spoiled in India because of the Indian government. First, it gets banned in China and lost $2,000 market value and after banning in India it lost almost $8,000 market value.

Today Bitcoin open at - $6,531

Today's High was - $6,541

Today's Low was - $6,476

Since last month it lost %28.04 value.