Bitcoin plunged more than 5% for no apparent reason

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Bitcoin crashed to $326 more than 5% – and now BTC/USD is trading at $6197. The obvious reasons for the news nature of this movement, it is purely speculative.
Total market capitalization of digital money dropped to $16 billion, and again reached the mark of $200 billion. most of the cryptocurrency has lost more than 10% of its value in a very short period of time.
During the course Ethereum sales decreased by 11% from the price of XRP — 13%. The speculative nature of the current decline in the exchange rate indicates a strong surge in trading volume, which increased by 25% — from $12 billion to $15 billion.
For 2018, the trading volume of bitcoin has gradually declined from the level of the maximum values of the end of last year at $3.7 billion, and gradually reaching $670 million in September this year. For the first quarter of 2018, the total volume of financial transactions exceeded $1.4 trillion, while last year this number was $1.7 trillion. But from April to June this figure had fallen to 75%, to $1.05 trillion.
Meanwhile it became known that from the beginning of the year, hackers stole from kryptomere more than $1 billion this rating is based only on official data and the actual data can be significantly higher.
The number and complexity of cyber attacks is constantly growing, but the crypto currency exchange is too slow to adopt new methods of protection. The problem is in the actions of regulators that create the guidelines, but their effectiveness is questionable, for several reasons.
To get around bans quite easily. Conventional methods of audit of digital assets does not exist, and some platforms do not carry out any audit at all.
All claim that their goal is to prevent price gouging, but there is not only a clear programme of such reactions, but clear criteria, what really is manipulation.
It is almost impossible to be sure how responsible cryptocurrency exchanges are suitable for storage of clients ‘ assets. Investors do not feel secure, this can also be one of the reasons why the market capitalization.
Customer assets are often exposed to danger in case of tampering and unauthorized access, and if the insurance of deposits in Fiat currencies to compensate customers of the loss, the insurance cryptocurrency assets raises big questions. In this regard, the industry is not yet ripe for the arrival of institutional players. The legal field has become more powerful, to crypto-currencies ceased to be a shade of “gray schemes”.
Olga Prokhorova,
“International Financial Center”