Cryptocurrencies may go on the bull run in excess of last year and pass the trillion-dollar mark regarding value, experts told CNBC, carrying out a recent violent sell-off across digital coins.

Bitcoin has witnessed a tremendous fall in recent days, dropping below $6,000 the first time since mid-November. On Wednesday, it was trading higher than the $7,000 level as the cryptocurrency market stabilized.

At its lowest point on Tuesday, the complete cryptocurrency market saw over $550 billion cancelled its value. But industry insiders see another rally ahead.

The Bitcoin market is worldwide and the citizens of China and Japan happen to be particularly active in its purchase and also other China. However, recently in Bitcoin news china government has experimented with suppress its activity in that country. That action drove the value of Bitcoin down to get a short period of time but it soon surged back and is also now close to its previous value.

The Bitcoin history chart is quite interesting. Its creator was an anonymous number of brilliant mathematicians (while using the pseudonym Satoski Nakamoto) who designed it in 2008 to become “virtual gold” and released the first Bitcoin software at the begining of 2009 through the height of america overall economy. They knew that to own lasting value, it like gold needed a finite supply. So in creating it they capped the supply at 21 million Bitcoin.

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