- Since January 2018, the currency of the bitcoin in a downward trend, losing 70.19% of its value against the US dollar, but in the past two weeks things were going well, and managed to rise from $ 5879 to $ 7410 dollars.
Expectations of a return to the downward trend of the currency once again and its decline to the value of 5388 dollars due to many news that will affect the currency, including:
First Lightning Network:
bitcoin received a boost in the right direction after Queen Gate announced its listing of 4,000 traders to its network, and traders will be able to receive payments through the lightning network, significantly reducing transaction costs while increasing their speed.
The new network operates through the presence of one channel that brings together the two parties and enables them to exchange money on a continuous basis, and thus will help the system to enhance the safety of the Betquin.
Second: Bitcoin and Iran:
The Iranian government has said it will consider digital currency mining as an industry. The amendment comes in light of the government's pressure to rely heavily on digital currencies, as these assets will help Iran ease the impact of economic sanctions imposed by the United States.
The adoption of digital currencies is expected to facilitate trade between Tehran and its partners, and as a result of this news, the price of the bitcoin reached $ 24,000 in Iranian trading platforms.
The secretary of the Supreme Council for Cyberspace in Iran said the state was considering issuing its own currency, and the central bank was working on a suitable framework for the digital currency industry.
On the other hand, the digital currency market is experiencing a steady decline due to the sale of their currency by major bitcoin investors, including Silkroad, which is rumored to sell a large portion of its currency to pay debt.
Given the experts' expectations of a continued bearish trend for the currency, investors are advised to identify stop-loss points, ie, to determine a certain level if the price of the currency is reached by the investor, which will help to preserve capital and reduce losses.
