Bitcoin exchange rate November 29: the Cryptocurrency has risen above $ 4200
Stock Markets Group – the exchange Rate of bitcoin is growing steadily after its recent sell-off to new annual lows and is currently up 1.63%, steadily exceeding the level of 4200 dollars.
The price of the popular crypto currencies have received support after the second largest trading volume, the Nasdaq announced its readiness to start trading bitcoin futures.
Experts say that amid a sharp fall of the bitcoin exchange rate this statement looks a bit odd, as the global sell-off, which we observed recently, point to the risks associated with manipulation of the coin. This, in turn, may adversely affect the derivatives, such as futures.
However, we must admit that the bitcoin market did you miss the positive, and the participants of the cryptocurrency exchanges make the most of the moment in their favor.
Most of the cryptocurrency in the top ten show a negative movement. So the Bitcoin exchange rate Cash falls in district 218 dollars, losing 0.54%, Ripple price dropped to 1.03% and reached the level of 0.389 dollars, the cost of Ethereum losing 1.63% and is close to a mark 120 dollars, and the Bitcoin exchange rate Gold falls to 1.23% for one coin offered 19.51 dollar.
Chart bitcoin/dollar continues to show attempts prices to gain a foothold above the key level of $ 4,000.
The first reversal candle after combination filed moving average, which changes its direction. Further, we expect the second test of a key level and a confirmed reversal.
Technically, the situation is in favor of the bulls and if they control the value of bitcoin then full growth will take place.
Meanwhile, in Russia already “buried” bitcoin and do not see prospects concerning the most popular digital asset.
So the Minister of economic development of Russia Maxim Oreshkin said that the recent depreciation of bitcoin confirms the fact that this is the usual “bubble” which has blown away.
The share of Russian investors in bitcoin is negligible, and the influence of Russia on the market of crypto unnoticed. Therefore, for the growth of bitcoin prices, this statement was not significant, but for the development of kryptonyte in the country and investors it was a bad signal. He first suggests that officials are not willing to work towards the liberalization of the market and just hand out positive “autographs” of the media when it suits them.
On the other hand, attempts to develop a new national cryptocurrency remained only conversations, and in the current situation are unlikely to be any change.
Also recall that captainvalor Belarus will no longer be able to trade bitcoin and other cryptocurrency through the exchange of Binance.
November 28, users of the trading platforms have received a letter stating that the platform ceases to serve residents in the country.
The letter says:
In its decision, the crypto currency exchange refers to the lists of trade or economic sanctions of the UN security Council and the office for foreign assets control (OFAC).
Date of disconnection of the exchange is not reported, but there is a risk that can do the and other popular shopping sites and enter the same prohibition for residents of the country.
In the current situation, we recommend to buy bitcoin in small volumes with the first target around 5000$.
Market analyst cryptocurrency
Stock Markets Group™