The bitcoin exchange rate as Investors fear a new wave of sales

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The main crypto-currencies after a period of high volatility, when a collapse was quickly replaced by a significant growth on Friday has somewhat stabilized. Market participants are now thinking where to move on, and wait for specific signals.
However, in the market recently formed a downtrend, so there is a risk that, despite the periods of rise, cryptocurrencies may soon again resume a fairly massive decline.
Bitcoin exchange rate of 11.00 per day slightly decreased on 1,38%, to the level of 4219 dollars in capitalization to $73,3 billion Ethereum by this time also fell slightly by 1.28%, to 115.5 dollars with a market capitalization of $12.1 billion XRP per day grew in price by 0.8% and rose to 0,376 dollar, its market capitalization of $15.1 billion Litecoin fell by 1.78% to 33.1 per dollar, its market capitalization has reached $1.9 billion.
The total capitalization of the stock market amounted to $136 billion.
Investors drew attention to the statements of the SEC, States that the approval of bitcoin ETF is possible only after excluding the possibility of market manipulation. Thus, it is not yet clear perspective of this decision, which the market is eagerly awaiting for a long time.
In addition, investors alarmed by the information that the crypto currency exchange Binance withdrew cash with the wallets of its users for $900 million.
This led to unrest among the customers, but Binance explained the withdrawal the fact that the crypto currency exchange is preparing to move its reserves between wallets.
Probably in the short term, the stock market, despite a temporary respite, will return to a more significant drop. In such a scenario of development of events, bitcoins could be reduced to 4100-4150 dollars, and then again go below $ 4,000, Ethereum – go down to 110 USD, XRP – to 0.35 of the dollar, Litecoin is up to 32 dollars.
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Ivan Marchena,
Analyst
GK Forex Club