Bitcoins: what is the reason for the sharp rise of cryptocurrency?

  • And
  • +A

Stock Markets Group – the bitcoin exchange Rate suddenly started to recover while the reason for a popular asset for the first time was not news crypto, and lowering the interest rate the fed.
The price of Bitcoin was finally able to overcome the psychological level and consolidate at around $ 10,500, increasing the cost of 1.14%. Experts note that the reaction of BTC on the decision of the Federal reserve points to a significant number of institutional investors in the market, as participants kryptomere hurried transfer part of their money from the falling dollar, in bitcoin.
Bitcoin exchange rate in recent years increasingly gaining recognition at major players adding it as a tool of accumulation of investment portfolios.
Most of the cryptocurrency in the top ten also pointed to the development of positive dynamics. So the Bitcoin exchange rate Cash appreciated by 0.44% and currently the token is 330.63 dollar, the value of the Ripple added only 0.13% and for one coin offered 0.316 dollars, the price of Ethereum adds 1.7% and reached the level 221.28 USD and Bitcoin exchange rate Gold added to your asset 1.54%, and today for one coin on cryptomeria offer 18.2 US dollar.
Total market capitalization of crypto-currencies at the time of this writing is $285 109 billion.
Rate graph bitcoin/USD continues cautious rise, approaching the level of 10 $ 800. Quotes BTC rising for the third day, and according to our projections, this level will be an obstacle for buyers.
Курс биткоина: В чем причина резкого взлета криптовалюты?
However, our Outlook remains negative, we expect that the global trend will be possible only after the price drop a token in a district 8 $ 500.
Recall also that the market expects a full launch of the futures Bakkt in the near future. So the Intercontinental Exchange CEO Jeffrey Sprecher on a quarterly earnings report noted that cryptoplasm is working to create a controlled ecosystem that can meet the needs of participants around the world. He said
“As soon as they received all the permits from the regulators before we start trading bitcoin futures with physical delivery in the near future”
However, the specific launch date is still unknown.
Experts say that once the startup process is completed, the bitcoins can repeatedly grow, setting new record as to the current mass market participants will actively join the big “whales” of the financial world.
Курс биткоина: В чем причина резкого взлета криптовалюты?
Sergey Titov,
Market analyst cryptocurrency
Stock Markets Group