Bitcoins have lost more than 5%, but that is no reason to panic
Stock Markets Group – the exchange Rate of bitcoin starts the month of August decrease and not stay above the psychological mark of $ 8,000.
Yesterday revealed to investors once again that support for the most popular cryptocurrency is still weak, in order for the Bitcoin price moved higher.
In the second half of the day, most courses of cryptocurrencies started to fall. As it turned out, the negative news for bitcoin was the information from South Korea, where the government was considering the abolition of privileges for kryptomere and removes them from the General list of start-UPS and small companies involved in the implementation and development of innovation in the country.
As a result, in the evening, the exchange rate of bitcoin has lost more than 500 dollars, and together with the main cryptocurrency dropped in value, and other digital assets.
Today cryptocurrency of the top ten showed multidirectional dynamics. So the Bitcoin exchange rate Cash decreases by 1.61% and is at level 761 $ for capitalization 13 246 billion. The Ripple rate has appreciated by 1.76% and reached $ 0.4429$, by market capitalization 17 870 billion. Ethereum depreciated by 1.99%, and amounted to 423$ for market capitalization 43 067 billion.
At 13:00 GMT., major exchanges show the following values of the rate BTC/USD:
Bitstamp – $ 7 612 (-1.49%)
Bitfinex – $ 7 618 (-1.55%)
Coinbase – $ 7 606 (-1.21%)
The market capitalization of Bitcoin at the moment is $131 216 billion, Total capitalization of the stock market 254 097 billion.
Experts ‘ forecast on the future market dynamics remains still positive, as with the approach of autumn, the activity in the cryptocurrency market will increase and the capitalization of bitcoin could grow significantly.
For this, according to analysts, there are several reasons:
First, the regulation of cryptocurrencies has become not chaotic, and understandable for investors form. Many countries after hard pressure on the price of Bitcoin today consider easing policy regarding tokens.
Secondly, the fight against fraud received a systemic nature, and many cryptocurrency exchanges is willing to follow the recommendations of the regulators, trying more to protect investors ‘ money from criminals.
Thirdly, if you compare the cryptocurrency market today and in the previous year, the movements of the instruments are increasingly focused not on the situational bursts of speculative and fundamental factors.
This allows big players to trust more and more popular cryptocurrencies like bitcoin and to use them as an investment asset.
The bitcoin/dollar today
On the chart of the exchange rate BTC/USD price fell to the support area of 7 600$. Digital coin is below the moving average, which is a good signal for the sellers to activate.
However, the rest of the week we expect another attempt of the bulls to get bitcoin under control and reverse the market upwards.
Stock Markets Group™