The bitcoin exchange rate fell on speculation
Cryptocurrency market is very volatile and its dynamics are often inadequately reacts to the tone received the news. Obviously, a sharp change in the dynamics of cryptocurrency due to speculation.
During the day, the bitcoin exchange rate, which had previously updated its annual low, rising above $ 8 thousand dollars, 9.00 fell by 9.28% to $ 7208, according Libertex.
Its market capitalization amounted to 128.6 billion. If we assume that the drop in this cryptocurrency from the maximum in the last days, it was more than 10%. To be a little predictable dynamics of the Forex trader Club could earn more than 6 thousand dollars per day.
Course Ethereum by this time was reduced by 5.51% to 240,7 dollar in the capitalization of 25.6 billion dollars. XRP per day fell by 4.93% to 0,386 dollar, its market capitalization amounted to 16.2 billion dollars. Litecoin lost value of 7.79% and has fallen to 87.7 dollar with a market capitalization of $ 5.5 billion.
The total capitalization of the stock market reached 228,7 billion.
According to financial scouts in the near future the market will remain quite volatile, and sharp jumps to the top will be the same short-term periods of growth. Bitcoin may soon become more expensive – up to $ 7,500, Ethereum – up to 245 USD, XRP – to 0.4 of the dollar, Litecoin is up to $ 90.