Bitcoins fall down by 6% after reaching market capitalization of $1 trillion last week
After seeing a clear blue skies for nearly a year, the notorious crypto-currency bitcoin prices fell by 6% on Monday whereas it’s rival Ether prices fell down by 7% to $1798. Bitcoins on Friday i.e., Feb 19 hit market capitalization of $1 trillion and was trading at $58,354.
Bitcoins reached it high status after it gained acceptance from Mastercard Inc, BNY Mellon and Tesla Inc CEO Elon Musk played a vital role in its popularity. Many financial experts believe that Bitcoin can see a down week in the upcoming weeks and small corrections are coming in it but it will maintain its high for a longer period.