Bitcoin exchange rate holds close to 7,500 dollars, the expert forecast for growth remains valid
Stock Markets Group – bitcoin exchange Rate today continues steady growth attracting more active buyers.
The situation on the market of cryptocurrencies is completely under the control of the bulls, allowing quotations of a digital asset to stay near the mark of $ 7,500.
The price of Bitcoin over the past seven days to overcome an important psychological mark, which served as a good signal for active players and increased its market capitalization by more than $ 40 billion.
However, another portion of the positive to bitcoin continued a new wave of growth towards the next important resistance level.
Most of the cryptocurrency in the top ten remain in positive territory. So the Bitcoin exchange rate Cash increased by 2.19% and is at level 804 of the capitalization 101 14 billion. Course Ripple boosted by 0.46% and reached 0.46$ at market capitalization 18 035 billion. Ethereum has appreciated by 1.62% to us $ 468$ at market capitalization 47 419 billion.
18:55 GMT., major exchanges show the following values of the rate BTC/USD:
Bitstamp – $ 7 520 (+1.61%)
Bitfinex – $ 7 511 (+1.3%)
Coinbase – $ 7 521 (+1.5%)
The market capitalization of Bitcoin at the moment is $129 160 billion Total capitalization of the stock market 262 117 billion.
The exchange rate of bitcoin is coming to the end of growth
According to experts, with the end of the summer period we can see a strong surge of purchases of the cryptocurrency associated with the influx of new large players.
The period of maturation of the market of cryptocurrencies and bitcoin in particular, is nearing completion. Purified by speculators and receiving great attention from regulators and officials in different countries, the development curve of digital assets finally shows growth.
The fight against bitcoin failed to stop the growth of capitalization
A vivid example of the futility of prohibitions can be the situation with bitcoin in China.
As you know, the authorities are one of the first tried to limit the circulation of a digital asset in the period when the bitcoin exchange rate reached a maximum value of $ 20,000. Today a large number of bitcoin millionaires in China to sell their assets and buy real estate abroad, and in very expensive areas of the US and Europe.
After the country has completely banned the cryptocurrency and ICO many companies have moved their business to other countries, including in South Korea.
However, the latter today considering easing regulation of the market of digital assets.
Thus all attempts at rigid control over bitcoin and other coins have failed. According to analysts, this happened because the bureaucracy is too late to react to the rapid emergence of bitcoin millionaires, and the growth of public attention to the tokens ahead of the reaction of officials on what is happening many times.
The Bitcoin exchange rate stabiliziruemost as soon as the officials will calm down
A constant debate about how to endorse crypto-currencies, or to declare them outside the law, has a strong influence on the price of digital assets.
The damage was much greater than returns to investment protection. Today the situation has changed radically, with many countries before introducing new restrictive measures, creating a Commission to study the situation and only after an exchange of experience and research, make a decision. Thus, both the investors and the bitcoin feel more comfortable, and this is reflected in the current price.
Recall that the “spring flurry” of prohibitions and inspections in South Korea, China and even in Japan only increased the extinction risk of the cryptocurrency market itself, but these tests like bitcoin and other cryptocurrencies have passed.
The current growth rate according to the experts will not be as situational as before, it can also be seen the market trend and fundamental factors, which was lacking previously.
Bitcoin exchange rate today
Last month the sudden bursts of positivity in the market confirmed the strong unpredictability and volatility of cryptocurrency.
However, we did not observe on the chart a strong course kickbacks, on the contrary after some time bitcoin supported the purchase of new and new members.
Recent growth has allowed the rate of a Bitcoin within just 24 hours to overcome two important level and reach the finish line to the next important resistance of $ 8,000.
Support buyers in the market is high and the price still remains at the previously reached levels.
In the current situation we see a positive scenario as the main in which bitcoin will try to go higher and reach the first resistance level of $ 8,000, and a further 8 500$.
We expect that with the beginning of the new week the market will only increase and the growth of cryptocurrencies will continue with renewed vigor.
Market analyst cryptocurrency
Stock Markets Group™