Yesterday’s gains were short-lived as the statistics today seem to be short of the mark. The closing price for Bitcoin last night was at $8,887, and the price rapidly rose all the way up to $9072.9 in the early morning. There was a major drop in price at 9.25 am UTC, in which the prices fell to $8,801 within a minute. With consistent fall, the prices dropped all the way up to $8480.
After talking to different people who are directly involved with cryptocurrencies, they are of the opinion that market prices will reflect a big dip. This Sentiment Analysis segment is a composition of opinions of many investors, miners, market analysts, journalists, sceptics, and influence’s.