Today also bitcoin is still largest crptocurrency in the market & still leading the market .The reason for downfall of price are abundant but natural it will take some time rise but still focusing on market & seeing their the growth rate after the downfall is tremendous as its nearly about 850% growth year by year.In early stage today also user can make a good space for profit.
Roughly an asset's price won't fall far below the market's assessment of a fair price — or at least it won't stay there too long.if company stock fall on news due to their product but if company's revenue is up , the same thing happens here in past last week , we haven't seen a lot"s of sell.Usually, when Bitcoin is rising, altcoins follow. Nevertheless, it is also the other way around; when Bitcoin drops the crypto market as a whole takes a hit.Although their had been numerous reason for the down fall , but last various news regarding cryptocurrency has taken the market up some latest points regarding cryptocurrency ,recently,
According to the news
*The Financial Services Commission (GFSC) and government of Gibraltar have announced that they shall develop a draft law in the coming weeks for regulating Initial Coin Offerings in the British overseas territory as reported on 9th of Feb by the Reuters.
* The Arizona Senate passed a bill on Feb. 8 to allow residents in the state to pay their taxes with cryptocurrencies public record says.
The Senate Bill 1091, which intends to enable cryptocurrencies for tax payment, was introduced Jan. 10, 2018 and passed by the Senate Finance Committee by a 4-3 vote on Jan. 24. On Feb. 8, the Senate passed the bill by a 16-13 margin, with one no-vote.
The bill has now been sent to Arizona’s House of Representatives.
If the bill is adopted, Arizona would become the first state in the U.S. to accept cryptocurrency tax payments by the year of 2020, as stated on the public record. The bill would allow taxpayers of the state to use “a payment gateway, such as Bitcoin, Litecoin or any other cryptocurrency recognized by the department, using electronic peer-to-peer systems.”
This scenario created by these steps taken by states will surely make a revolution in financial system .. Day by Day move from metal coin & paper money to electronic wallets will create a huge platform & will reform the system,.Now is the time to follow the potential scenarios in which these use cases can be embraced as once change happens it could be extremely rapid
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