Cryptocurrency has completed the pre-new year rally

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The growth of the stock market that resembled “rallied” against the background of loss of interest in the classic market assets rapidly falling in recent days, apparently, exhausted. Probably the rise of the cryptocurrency will not resume until the end of December.
Recently the main cryptocurrency showed strong growth, as investors classic markets moved on the market of digital assets. The sharp drop in world stock markets in recent days has forced market participants to seek alternative investment tools.
The good news for the stock market was the announcement that Facebook is looking for specialists in the field of kryptonyte. In may, the social network has created a special unit, which works in the field of blockchain and digital currency.
However, at 11.00 bitcoins per day fell by 7.66% to $ 3787 in the capitalization of $66.9 billion Ethereum by this time, sharply fell by 4.99% – is 129.3 USD, its market capitalization of $13.4 billion Litecoin weakened by 6.98% to 35.8 per dollar with a market capitalization of $1.9 billion Rate of XRP per day fell by 11.6% – 0.38 per dollar, and the capitalization reached $15.5 billion some positive news for XRP could be the message that the largest cryptocurrency exchange Binance XRP will do their basic shopping couple.
The total capitalization of the stock market reached $129,1 billion.
However, the largest American banks have announced that they are planning to enter the cryptocurrency market due to the lack of demand from customers. In addition, the operator of the new York stock exchange ICE may again postpone the launch of bitcoin futures platform Bakkt, which is scheduled for January 24.
According to the forecasts of financial scouts until the New year on the stock market resumes rally: by the end of December the exchange rate of bitcoin can drop to $ 3,500, Ethereum – to 125 dollars, XRP – to 0.35 of the dollar, Litecoin is up to $ 30.
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Ivan Marchena,
Analyst
GK Forex Club