Bitcoin exchange rate approaching 8 000$, the fall may be delayed
Stock Markets Group – bitcoin exchange Rate on 14 Mar plunged into panic cryptocurrency exchanges and rushed in the direction of $8 000 leaving no chance courses cryptocurrency to stay on the sidelines. Market participants are in no hurry to part with Bitcoin before the meeting of G-20 and after reports of Google banning ads ICO.
However, experts believe that bitcoin today repeats the fate of the dot-com and none of them can confidently say this is good or bad.
23:30 GMT., main trading platforms display these values of the rate BTC/USD:
Bitstamp – $ 8 284 (-9.27%)
Bitfinex – $ 8 315 (-9.0%)
Coinbase – $ 8 314 (-9.0%)
The market capitalization of bitcoin at the moment is $141 256 billion.
The rate of bitcoin has fallen off the Google advertising policy
Cryptocurrencies have become so vulnerable to the external background that even limits the search giant could not pass side. As it became known in June 2018, the company changes its policy to promote financial products.
Talk about the fact that the policy of Google in relation to advertising associated with cryptocurrencies and bitcoin can change a lot, walked with since Facebook has banned the broadcast of banners associated with the ICO, and digital assets.
The company then referred to a large number of user complaints, and the increase in scammers using the primary offer coins as illicit enrichment.
The reaction of the social networks quite adequate, because during 9 years of existence of bitcoin officials and regulators in different countries have been unable to develop a common set of rules by which to work the cryptocurrency market. And only last year showed a sharp increase in activity, and more threats for the banking sector than to investors.
Google went on the same path and published on Tuesday the official blog, warned customers about the inclusion of “black list”, promotional materials ICO, services, exchange, altcoins, cryptocurrency wallets, as well as consulting services in the field of cryptocurrency.
In our opinion, in the near future it will be possible to observe the growth of large and small advertising sites that will happily occupy the vacant niche in the is bitcoin ICO. With their popularity will continue to grow and enjoy success with those projects that have been created for advertising digital assets.
It’s interesting to see the reaction of the two giants of the it industry, after cryptocurrency legalize, and they will become in one number with such investment instruments like gold, currencies or equities. How long in this case, the company will hold the temptation to return to the advertising niche with growing momentum.
Bitcoin exchange rate today
Cryptocurrency holds the direction to $8,000 and it is a little surprising, since the resistance level of $9 200 was an important signal for both buyers and sellers. Most likely in the coming days, the price of bitcoin will attempt to go even lower.
The rate of bitcoin will reach $8 000, and will reverse up. In this case, the first target for buyers is the level of $9 000. In the current situation is positive for the market, so the growth of bitcoin seems unlikely.
The negative scenario
Reaching a low of $8 000, the value of the asset will continue to fall and slide even lower to the first target path, located at $7 500. Further, sellers can send the bitcoin exchange rate even lower, near the February lows ($6 000). We consider this development is more likely, given the current mood in the market.
Courses most altcoins have fallen behind the most popular digital asset. At the moment the Ripple rate slipped to 11.18%, while Ethereum has lost 11.48%. The immediate future for digital coins will be tied to sales.
Market analyst cryptocurrency
Stock Markets Group™