Cryptocurrencies may go on a bull run higher than last year and pass the trillion-dollar mark regarding value, experts told CNBC, after 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 turned out trading higher than the $7,000 level since the cryptocurrency market stabilized.

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

The Bitcoin marketplace is worldwide and the citizens of China and Japan happen to be particularly active in their purchase along with other Japan. However, recently in Bitcoin news chinese people government has attempted to suppress its activity in this country. That action drove the need for Bitcoin down for any short period of time nevertheless it soon surged back which is now close to its previous value.

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

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