Bitcoin Prices More Stable After Weekend Price Plunge

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FILE PHOTO: Representation of the bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Representation of the bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

In the growing bitcoin market, there is a lot of speculation on just what direction that the crypto-currency is headed.

The value of Bitcoin is, according to some “a bubble waiting to burst”. This according to one investment advisor, tephen Isaacs, chairman of the investment committee at financial consultants Alvine Capital, who thinks there are two severe risks ahead.

The prices of bitcoin and other crypto-currencies have continued an upward Bull Market so far this year.

There was a drop in the market over last weekend, but so far prices appear to be more stable. On Tuesday, April 20, 2021, Bitcoin was trading 1% lower at a price of $55,2489 each.