Bitcoin is before buying, the risk of falling cryptocurrencies high
Stock Markets Group – the exchange Rate of bitcoin to the dollar in recent days has increased dramatically adding an average of about 5%, while the market capitalization of the coins increased by 10%.
The price of Bitcoin soared after it became known about the launch of the service for major investors in Coinbase.
Other cryptocurrencies demonstrate multidirectional movement that indicates uncertainty. So the Bitcoin exchange rate Cash fell by 0.2% and is located at 780$ in capitalization 13 371 billion.
Course Ripple rose by 0.47% and reached $ 0.49$ in market capitalization 19 165 billion. Ethereum fell by 1.19% to reach 470$ in market capitalization 45 271 billion.
16:05 GMT., major exchanges show the following values of the rate BTC/USD:
Bitstamp – $ 6 550 (-0.85%)
Bitfinex – $ 6 559 (-1.1%)
Coinbase – $ 6 547 (-0.95%)
The Bitcoin market capitalization currently is $112 589 billion Total capitalization of the stock market 232 187 billion.
The bitcoin exchange rate was supported by the big crypto currency exchange
As it became known, Coinbase launched the Coinbase innovative product Custody, and are already beginning to make the first deposits. According to representatives of one of the largest marketplaces in the world, the service is aimed at large hedge funds, as well as those clients who can Deposit at least $ 10 million. The service is now available to private bitcoin investors.
Officially the product was launched back in may of this year, however, the conditions assumed, that the initial payment will be 100 thousand dollars plus 10% service accounts on a monthly basis.
It should also be noted that Coinbase in the near future expects to receive the license of a broker-dealer and investment Advisor license, which will allow in the future to offer as instruments and securities.
Coinbase Custody is currently only available in the US and Europe, but the company is considering in the near future the opening of its offices in Asia.
Another good news that “rocked” crypto-currencies and made a bitcoin exchange rate to grow, reports that manufacturers of graphics cards for mining will reduce their cost.
This, according to experts, due to the fall in the price of bitcoin and cryptocurrency market in General. It is expected that the fall in the value of the equipment will average about 20%, and most companies are going to unload stocks from the previously released models of components.
As we wrote earlier, with the approach of bitcoin to around 5 000$ significantly reduces income from production, and that experts say is another risk that processing transactions in the network, the blockchain will not benefit.
Falling prices for mining equipment will slightly reduce the tension in this issue and support the miners and cryptocurrency.
Bitcoin exchange rate today
The digital asset over the past 24 hours has strengthened and, unopposed in district 6 $ 680 froze in anticipation of a new reason to grow above the current resistance.
Today on the graph of bitcoin exchange rate, one can observe the lack of wanting to fight for new highs, however, the buyers received a good signal is to start trading cryptocurrency.
In the current situation we see a high probability of the price of Bitcoin to the starting point 6 000$ in the next days. Only re-test the current level will be able to afford outside of the market players to support the purchase.
Now a small surge of optimism just said “bear” the presence of opposing forces, but this short-term gain may be used by sellers to open orders and the further collapse of bitcoin below the psychological mark.
Given the stop near intermediate resistance, where the slow line of the indicator Ichimoku (around 6 $ 700), we do not consider the final push of course important for a digital asset. The risk of a resumption of sales is still high.
Market analyst cryptocurrency
Stock Markets Group™