Cryptocurrencies are falling despite the announcement of the China launch your token

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The main cryptocurrency on Thursday again go down, despite the news about the imminent launch of China’s own cryptocurrency. So, the people’s Bank of China announced that it will launch a digital currency until November 11. Despite this news, bitcoin exchange rate at 8.00 per day, according Libertex, decreased by 4.58% to 9632 of dollars in the capitalization of 172.5 billion. Ethereum by this time fell by 7.69% to 170,94 dollar with a market capitalization of 18.4 billion dollars.
An additional negative factor for this cryptocurrency was the news that blockchain company Parity involved in infrastructure management at the core of Ethereum, has postponed the planned hardwork Istanbul until September 6 due to technical delays.
XRP per day fell by 4.74% to 0,2535 dollar, its market capitalization reached 10.9 billion dollars. Litecoin weakened by 8.46% to 65.8 per dollar with a market capitalization of 4.2 billion dollars.
The total capitalization of the stock market reached $ 249,7 billion.
According to financial scouts, in the short term the market will continue to slide downward. In this case, bitcoin may go down to $ 9500, Ethereum to $ 165, XRP – to $ 0.25, and Litecoin is up to $ 65.
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Eugene Turchin,
Financial scout,
Forex Club