The bitcoin exchange rate as Investors decide what to do with cryptocurrency
Stock Markets Group – bitcoin exchange Rate today is trying to recover after a recent sell-off and the first test important psychological mark of 6 000$.
Bitcoin price resumed its growth after it became known about the suspension of the bankruptcy of the exchange MT.Gox and launch of a procedure of civil rehabilitation.
Most altcoins again in red. So the Bitcoin exchange rate Cash fell by 1.21% and is located at 745$ 806 capitalization of 12 billion dollars.
The rate of Ripple lost 0.38% and reached $ 0.47$ at market capitalization 18 785 billion. Ethereum has decreased by 1.74% and made 450$ in market capitalization 45 053 billion.
15:45 GMT., major exchanges show the following values of the rate BTC/USD:
Bitstamp – $ 6 197 (-0.91%)
Bitfinex – $ 6 192 (-0.71%)
Coinbase – $ 6 194 (-0.87%)
The market capitalization of Bitcoin at the moment is $106 066 billion Total capitalization of the stock market 218 841 billion.
The exchange rate of bitcoin, and Bitmain conspiracy
In one of our articles we have already raised the topic of the monopoly of China on the market of bitcoin, and said that as the country is 4 large global pool mining, it may become high risk in the future.
According to the latest information, mining-giant Bitcoin mining, Bitmain to the current moment produced about 42% of all blocks, which causes a lot of concerns regarding cryptosuite network monitoring, and manipulation of not only the exchange rate of bitcoin, but the cryptocurrency.
Theoretically, after Bitmain will produce 50% of 1% of the bitcoin blocks, the company will be able to take control of most part of produced assets.
The growing influence of Chinese mining farms for further production and ownership of most of the assets, may be the main reason why bitcoin will never be able to become the global Internet cryptocurrency.
To control transactions and data manipulation, mining giant enough to produce only 9% of the remaining amount of cryptocurrency. After that, in fact, be able to manage further development of the cryptocurrency.
While this assumption of some experts, but the fact that this event may call into question the independence of bitcoin and decentralization, the fact remains.
Another problem that can cause the slide digital coins below are the cost of its production. As soon as the rate of bitcoin will be below$ 5,000, with mining will become unprofitable. This means that sharply reduced the number of those who provides of the transaction. Therefore, many investors are now thinking about hedging risks, and transfer money to other tokens.
A positive signal for the courses cryptocurrency was the application of the authorized Trustee of the exchange MT. Gox, Nobuaki Kobayashi about that in the next year, marketplace will begin payment of debts clients.
As known earlier, the exchange had been broken and bankruptcy. Implementation of assets on other trading platforms to compensate for losses and payments to victims to any user who has had a negative impact on the exchange rate of bitcoin.
The decision to abandon the sale of digital coins and to return the lost funds in cryptocurrency.
Given that at the time of bankruptcy, the bitcoin exchange rate was more than ten times smaller than the present, this scheme is much more favorable to investors than a direct sale of assets “from the market”.
Bitcoin exchange rate today
After yesterday’s slight strengthening, the price of Bitcoin has met local resistance in the mark 6 300$, where the moving average.
Today, the most popular cryptocurrency loses about 0.5%, but a temporary lull in the market may soon be replaced by new sales.
In the current situation there is no reason for the further growth of the cryptocurrency. In the following weeks, we expect continuation of falling of bitcoin and other cryptocurrencies exchange rates of the top ten.
Market analyst cryptocurrency
Stock Markets Group™