Bitcoin and cryptocurrency hiding after the rapid rise and fall

  • And
  • +A

On the stock market after periods of rapid growth and decline, changing each other for several days, began during the lull in the moment, there is a slight drift downward.
Bad news for digital money was the message that the Chinese Bitmain mining giant fired about 1 thousand of employees (50% of total staff) due to financial problems associated with falling rates of cryptocurrencies Bitcoin and hardforum Cash.
In addition, in the UK for the year has closed more than 340 cryptocurrency companies and only from July to November ceased to exist 200 firms specializing in this field.
At 11.00 the exchange rate of bitcoin for the day dropped by only 0.03% to $ 3717 in the capitalization of $66,2 billion Ethereum by this time was down by 3.38% to 123,1 dollar with a market capitalization of $13,06 billion XRP per day lost 2.7%, falling to 0.36 dollar cap of $14.9 billion Litecoin fell by 1.98% to 29.7 per dollar.
The total capitalization of the stock market made up $to 127.2 billion.
As suggested by financial scouts, in the short term the stock market will continue lull. Bitcoin may go down to 3650 dollars, Ethereum – up to $ 120, XRP – to 0.35 of the dollar, Litecoin to $ 28.
_____________
Ivan Marchena,
Analyst
GK Forex Club