Bitcoin exchange rate: height above 5300 dollars is inevitable
Stock Markets Group – bitcoin exchange Rate in recent days has considerably strengthened the positions, having settled in the area of $ 5,200.
Despite the slight negativity of which the price of Bitcoin started the day, the situation remains under the control of the buyers who continue to open long positions in the hope of further growth of quotes.
However, the majority of top ten cryptocurrencies today does not show positive dynamics, which is likely due to the adjustment of the position players to new deals.
So the Bitcoin exchange rate Cash losing 2.06%, the price of Ripple is lowered to 1.4%, the cost of Ethereum falls by 0.68%, and the rate Bitcoin Gold surged 2.69%, and for one coin on cryptomeria offer of 17.44 USD.
Total market capitalization of bitcoin at the moment is 92 169 billion. Chart bitcoin/dollar remains near the important level of 5300 dollars in readiness to cross it in the coming days.
Today there are no objective reasons for BTC to resume the downward movement, so players are likely waiting for new trades from large investors to join the growth.
Just keep in mind that at the moment, and is fundamentally and technically the balance of power shifted towards the bulls, and the latest news help shopping.
Bitcoins are not scared to fall the most dedicated
Meanwhile, the most popular cryptocurrency has surpassed the growth of traditional assets such as US equities.
This was announced by the investor, Charlie Bilello in your Twitter account, providing a comparative analysis.
So the bitcoin exchange rate since the beginning of the year increased by 35%, ranking second after oil prices, which gained 38%.
For example, the stock index of Nasdaq 100 up 21% and is rated 4th place, while the stock index S&P 500 on 7-th place, and its growth was 17%.
If we talk about the stock Dow Jones and its constituent stock, then the exchange rate of bitcoin has become a leader among most securities. And the index itself rose by only 12%.
Thus, the market capitalisation of bitcoin and cryptocurrencies in General, is increasingly attracting investment, and quite many of the major players (as mentioned earlier), has long bet on cryptonote.
On the other hand, there are high risks of losing money due to the lack of clear rules and regulation of the market. However, many experts note that due to the high profitability of bitcoin, and often dramatic UPS and downs of prices in the pursuit of quick money, many market participants ignore this factor.
It should also be noted that the study clearly shows the stability of innovative technologies and the ability of bitcoin to keep investors ‘ interest even in the most difficult time.
Because recently the prognosis of many experts was the global collapse of cryptocurrencies, which, apparently, has been postponed indefinitely.
Also note that one of the largest kryptomere Binance reported net profit in the first quarter of 2019. According to the report, the rate reached 78 million which was 66% more than in the previous reporting period.
Market analyst cryptocurrency
Stock Markets Group™