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It has been a year of ups and downs for crypto despite the year only just getting underway – major changes to some of the biggest markets around the world have seen big price fluctuations and increasing volatility too – whilst it has stabilized for many online services particularly non gamstop casinos uk and similar that have seen bitcoin options grow further, the market as a whole remains in some turmoil. What is leading to the latest drop, and is it likely that the current crypto tumble could continue for some time yet?
The impact started following the announcement from China that Bitcoin miners would have to find a new home and led to the scramble for many industrial sized complexes leaving the country in search of a new home that had not only the space for the large scale crypto mining infrastructure but also cheap energy on which to do so – this eventually led to some locations chosen to experienced blackouts and followed with other legislation to outlaw the practice or put big tariffs on doing so, but the east did become a haven for some as both Ukraine and Russia turned out to be great places for those willing to set-up shop once again.
Bitcoins most recent tumble has been attributed to the current tensions between the two as there may be a possibility of power outages and uncertainty for the current home of many larger scale operations, some suggestions have noted that Bitcoin could even fall below as much as $30,000 and taking it to its lowest price in over a year but that’s currently all speculation, the market is reacting though and has fallen into a slump for now which could continue for some time until investor interest and security is assured.
The price will certainly bounce back looking at the history of the biggest cryptos however and may even manage to reach a new height too, the $67,000 mark in November shows how quickly crypto has been able to rebound before when investor interest grows once again but until a more permanent and possible safer home is found for those looking to mine and contribute to bitcoin, the dip may last for some time yet – the good news once again for investors who weren’t able to get their foot in the door early is that now may be the perfect time to get involved with prices as low as they are, particularly for smaller crypto options which may be more accessible and also in something of a dip too.
