The bitcoin exchange rate will update up to the end of 2019
Stock Markets Group – the exchange Rate of bitcoin in the last week was able to reverse all the achievements of the month of July, and to lose more than 15%.
So at the time of this writing, the Bitcoin price is at a level of 9905$, losing 4.07%. Earlier, in early July, the BTC was near the mark of $ 12,000, but has lost the potential for growth. Most of top ten cryptocurrencies as well remain in the red.
The Bitcoin exchange rate Cash dropped to $ 305 and is reduced by 2.96%, the value of Ripple has reached 0.259 dollars, and dipped to 2.01%, the price drops to Ethereum 181.43 dollars, losing 3.75%, and the rate Bitcoin Gold fell by 5.14%, and for one coin offered 13.23 dollars. At the time of writing the market capitalization of cryptocurrencies is 244 497 billion.
Chart bitcoin/dollar reversed previous growth in the current situation runs the risk of BTC to go even lower. As we have noted previously, an important psychological mark for sellers is the level of $ 8,000.
The Bitcoin exchange rate will update the historical maximum by the end of 2019
So says a senior analyst Marketstrat Global Advisors and an ardent supporter of crypto, Tom Lee.
In his recent interview with Fox Business, the expert noted that bitcoin has become a tool to hedge and insurance for investors.
“You can observe this trend today. When the global financial markets have been volatile, bitcoin exchange rate typically begins to grow, as many investors move their money from traditional assets in cryptocurrency”
According to. Today the percentage part of crypto assets in investors ‘ portfolios ranged from 1% to 2%. But as soon as the market situation changes for the worse, or there is a risk of a recession, these numbers have significantly increased in some cases up to 5% of the total share investment.
He also noted that the exchange rate of bitcoin is consistent with the current situation in the global economy, and successfully coped with a period of strong decline, when the price reached the “bottom” of $ 3,000.
Now it is becoming clear that many of the big players are not able to ignore this tool is as hedging cryptocurrency in the future the situation will improve.
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Stock Markets Group