Bitcoin, the world's largest and popular cryptocurrency. Whose market cap is currently (as of June 2021) around $650 million. is
But its market cap was $1100 million in March 2021.
So why is the bitcoin market cap falling?
At the same time, the market cap of other cryptocurrencies is also falling.
Like Dogecoin, Ethereum and many other cryptos.
dogecoin, which had a market cap of 90 billion in May 2021, now has a market cap of just 33 billion
Ethereum which had a market cap of 490 billion in May 2021, now has a market cap of just 243 billion
So currently (in June 2021), the market cap of all the crypto coins is falling so now what will be the future of these coins.
Why did the value of the coin increase in the initial year?
When businessman elon musk, the owner of Telsa, supported dogecoin and other cryptocurrencies.
Also, the plan of pay with bitcoin for tesla electric vehicles, by customers then the price of all the coins increased.
why is it crashing after may 2021.
The price of all these coins was highest in the second week of May.
Then the Chinese government announced that they were banning all cryptocurrencies and that banks and other payment systems could not use these coins for payments.
Elon Musk cancels plans to let customers pay with bitcoin for Tesla vehicle
Because of this the price of all cryptocurrencies started falling
read more :- real number of bitcoin
then, what is the future of bitcoin
At the end of June, all crypto coins are rising. Bitcoin rise up to 2.25% in June.
bitcoin price prediction
bitcoin price prediction claims that bitcoin could hit $100,000 mark by end of the 2021.
celsius CEO alex mashinsky says, " bitcoin will go all way to $160,000 by dec 2021.
other cryptocurrencies prediction
ethereum could hit $2700 mark and dogecoin could hit 91 cent by end of the 2021
its means, by the end of this year, almost all cryptocurrencies will rise.
