Cryptocurrencies fall under the pressure of regulators

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The main cryptocurrency in the environment continue to decline in price amid reports of a not very rosy prospects of the market. In particular, in the UK, the working group of the government on the blockchain suggested to restrict trade cryptocurrencies. It proposed a new structure for the regulation of the blockchain industry, which involves the introduction of three types of digital assets, which include cryptocurrency exchange, cryptocurrency for investment, and the tokens for use during the procedure ICO.
At 11.00 the exchange rate of bitcoin has decreased over the day by 0.31% to 6339 dollars, with capitalization $109,9 billion Ethereum by this time has fallen in price on 0,56% – to 196.7 dollar, its market capitalization has reached $20.3 billion XRP per day lost of 2.22% and dropped to 0.44 per dollar in the capitalization of $17.7 billion Litecoin by this time has fallen in price on 0,8% – to 49,2 USD, its market capitalization has reached $2.9 billion.
The total capitalization of the stock market amounted to $202,9 billion.
However, the good news for the market was the us Coinbase cryptocurrency exchanges that it expects to receive revenue in 2018 in the amount of $1.3 billion, despite a decline in the market capitalization of cryptocurrencies.
It can be expected that this statement will support multiple cryptocurrencies: bitcoin exchange rate in the short term could grow to $ 6350, Ethereum – up to 197 USD, XRP – to 0.45 per dollar and Litecoin to $ 50.
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Ivan Marchena,
Analyst
GK Forex Club