Bitcoins tries to recover, but the big players are not rushing into the market
Stock Markets Group – bitcoin exchange Rate on 16 March regained its previous losses and by the end of the day a little stronger, but is still under pressure. Cryptocurrencies over the past two days has experienced a new wave of strong decline, and Bitcoin has lost about 20 billion dollars of capitalization.
The reports that the SEC took, not only for cryptocurrency exchanges and hedge funds, along with advertising restrictions Google has forced investors to flee the asset in the search for protective tools.
At 19:35 GMT., main trading platforms display these values of the rate BTC/USD:
Bitstamp – $ 8 564 (+3.2%)
Bitfinex – $ 8 431 (+2.95%)
Coinbase – $8 512 (+3.0%)
The market capitalization of bitcoin at the moment is $145 136 billion.
The rate of bitcoin will try to grow
After another collapse cryptocurrency market has shocked new news from South Korea. The authorities conducted a RAID on the stock exchange, who are suspected in the theft of funds from customers ‘ accounts.
Digital bitcoin and altcoins just attract scammers and not “dirty” companies, and again and again is at the center of another proceedings. As reported by the South Korean newspaper Chosun, the staff cryptoolinux of venues and management team are suspected of re-investment of customer funds in bitcoin and other cryptocurrencies on other trading platforms. In fact, without notification of clients used the money for earnings.
According to the Prosecutor’s office for the southern district of Seoul, watching these exchanges were conducted in the month of January, when it was observed a suspicious transaction between cryptomeria. These transactions were discovered, and during, the audit by the financial services Commission and Korean financial intelligence.
The bitcoin exchange rate as generally reacted negatively to these messages, and the fight for the legalization of cryptocurrencies gradually develops into a fight against criminals using digital coins for unfair wages.
Under review at this time were three of the trading platform, but the South Korean authorities continue to monitor the situation and assure that all movements occurring in the country, and the associated cryptocurrency is carefully monitored and checked for legitimacy.
Next week will be an important event that today brings some intrigue to digital markets.
The G-20 summit, which will begin its work in Argentina starting from Monday, should expect the experts to clarify the situation with the regulation of cryptocurrencies. Bitcoin, according to many, has faced serious constraints, including criminal component. The delay in the adoption of laws and regulations leads to negative consequences more often, and suffer the investment attractiveness of cryptocurrencies.
As expected the discussions to be held between financial officials to refer to the effects of the emergence of cryptocurrencies and blockchain technology. However, with the growth of control over bitcoin, the technology will lose decentralization, and this can adversely affect the course and overall attractiveness of cryptocurrency as an independent tool.
Bitcoin exchange rate today
In the next few days, crypto currency will remain under pressure, as a result of investors ‘ expectations will be decisions that will appear at the summit. Until that time, the rate of bitcoin will not be able to show significant growth. Besides the beginning of the prohibition of advertising the two Internet giants may push other large companies to declare war on the promotion of bitcoin and ICO.
The rate of bitcoin will continue to rise, and will go to $9 000, but take a higher level price is unlikely in the coming days. However, there is a high probability that the speeches of financial officials at the G-20 can cause a stir in the cryptocurrency market and buying bitcoins. However, as well as strong sales, if market participants will receive signals to new prohibitions.
The negative scenario
The rate of bitcoin will not be able to get support and again continue to fall. Players will have prepared for the worst because the re-test down to $8 000 will strengthen the flight of investors. Today the market of cryptocurrencies reigning mood of confusion, as those who last year earned a lot of money, doesn’t believe in a repeat of the “triumph” and for the last month just withdrew money from bitcoin.
On the other hand, not so much today, those who wish to invest in a tool that is constantly criticized and problems associated with cyber criminals.
At 19:35 GMT., rates of major cryptocurrencies, just not able yet to compensate for past losses. Ripple in 24 hours strengthened slightly adding about 3%, and Ethereum grew by 2%.
Market analyst cryptocurrency
Stock Markets Group™