Bitcoin: Summer is here and new highs not seen

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On Friday morning, the cryptocurrency market is showing movement in the framework of the 1%. If the traditional market is a movement, the dynamics, the cryptocurrency is calm. Course reference of cryptocurrency Bitcoin (BTC) in the last 24 hours was up 0.15% and trading around $7,600.
After a deep market correction since the beginning of 2018, many analysts pointed to the seasonality of such dynamics for many years. The community was waiting for the same last year, “flight to the moon” from may to June, but that never happens. On the one hand, June has just begun, on the other hand, the market has changed input data, and the main negative contribution institutional investors are not particularly optimistic about cryptocurrency. Research Federal reserve Bank of San Francisco about the negative impact of the launch of the futures of cryptocurrency is increasingly becoming the main argument in the study of past dynamics and forecasts the future.
The results of the analysis CoinMarketCap showed that from 2016 to 2018, the top ten kryptomere changed to 80%. In 2016, a crypto currency exchange No. 1 was OKcoin.cn, now it is 188. Changed and the nature of the ICO, if earlier, the basis of the ICO was “hype”, but now the industry is beginning to grow up, and in the first quarter of 2018 already 84% of the tokens were distributed within the closed prasalov. While on record the ICO claims the EOS, which for the year of raising funds managed to raise $4.2 billion.
At the moment, altcoins BTC duplicate, and the overall market situation will begin to change when they become more independent. Are the chances of the project the Ripple solver with an intuitive and easy task to facilitate international banking transactions. New partnerships and coverage of the banking network over time will allow the token XRP to emerge from the shadows of the reference cryptocurrency, and at this point we can say that the market really turns into a phase of growing up.
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Alexander Kuptsikevich,
Financial analyst,
FxPro