Cryptocurrency courses in the new year of stagnation

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In the cryptocurrency market has begun a period of increased volatility. After a sharp rise, which could be mistaken for “pre-Christmas rally” happened the same sharp collapse of quotations. Probably before the New year, the stock market will continue to remain the same unpredictable.
Bad news for digital money was the message that one of the known manufacturers of equipment for mining – Japanese GMO Internet Group will no longer develop, manufacture and sale of appropriate equipment. This is due to the large losses the company suffered at the end of this year due to a sharp fall in rates of cryptocurrencies.
At 11.00 the exchange rate of bitcoin per day fell by 1.52% to $ 3745 in the capitalisation of $66.7 billion Ethereum by this time fell by 5.33% to 131,4 USD, its market capitalization of $13.8 billion Litecoin has fallen by 10.66% to 31 dollar with a market capitalization of $1.9 billion Rate of XRP per day has fallen in price on 1,35% – to 0.37 of the dollar, and the capitalization reached $15.5 billion.
The total capitalization of the stock market reached $129,7 billion.
According to the forecasts of financial scouts on the stock market will experience higher volatility but in the short term, bitcoins could drop to $ 3,500, Ethereum – up to 130 dollars, XRP – to 0.35 of the dollar, Litecoin is up to $ 30.
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Ivan Marchena,
Analyst
GK Forex Club