GDAX BTC/USD prices down 10.32% within 24 hours. This follows a news report based on insider leaking details of BCH exchange launch. Although GDAX has resumed such exchange the Bitcoin is still in a downward trend. The previous speculation was BTC to reach 10,000USD before 2018 has come true but will it retain its value?
The decline from 19,000USD to 15,000USD in just a matter of a few days could be the bubble bursting as talked about.
NDTV speculates that even though BTC has declined rapidly before the New Year one must also look at BTC history. "In November, it tumbled almost 30 per cent in four days from $7,888 to $5,555. In September, it fell 40 percent from $4,979 to $2,972."
But long term the value of BTC has continued to climb