Bitcoin is one of the biggest names in the world of cryptocurrency at the moment. The company has been one of the frontrunners of the entire cryptocurrency. Since the inception of the company, they have been steadily on the rise. The company has grown from strength to strength with each passing year. The profit margins have also escalated accordingly. The company soon became one of the richest companies in the entire world. In fact, not only did they make a name for themselves, but they also invoked the interest of many people across the globe. It was the success story of this company that led the people to get interested in digital assets.
The concept of investing in cryptocurrency was initiated by BTC itself. In the last few years, the company has had some of the record profit margins in the whole world. They profited substantially and the prices of their coins began to skyrocket. Unfortunately, things have not been going in a great way at the moment for the company.
The entire world of cryptocurrency seems to be plunged in darkness. The market is experiencing extreme downward curves in the last few months. Most of the companies have incurred heavy losses. Companies like Ethereum and Bitcoin also could not escape the trend. The investors were shocked to see the prices going down to new lows. Let us learn more about the story in detail below.
Bitcoin Slips Further
Bitcoin did make a comeback as they had their prices go up by almost twenty five per cent recently. Such a trend made the investors heave a sigh of relief. However, it seems that the trend was only a temporary thing. The prices of the company have once again begun to slump further.
Such a downfall in the prices of Bitcoin has the investors very much concerned. Most of them are fearful about the future of BTC, which at the moment looks uncertain. However, the company has repeatedly stated that it is a temporary phase and it shall pass soon.
