The course of bitcoin: the Cryptocurrency has set a new annual record
Stock Markets Group – bitcoin exchange Rate in recent days has made a new breakthrough and reminded the participants of the market of cryptocurrencies that summer is not a problem for new strong motion.
At the time of writing this article the price of Bitcoin is at around $ 9,300, adding 3.55%.
After the price of the bitcoin broke the important psychological level of 9000$, captainvalor increased activity, and the market had “fresh” money.
Most of top ten cryptocurrencies supported the optimism of the main cryptocurrency and also steadily growing.
So the Bitcoin exchange rate Cash increased by 1.42%, the Ripple price has appreciated by 1.2%, the cost of Ethereum gained 1.64%, while the rate of Bitcoin Gold rose to 1.76%, and for one coin on cryptomeria offer 27.89 dollars.
Total market capitalization of cryptocurrencies at the moment is 285 $ 365 billion.
Chart bitcoin/dollar remains in an uptrend, and after a two-week respite, the price fixed above $ 9,000, rebounding from the level of 7 300$.
Technical indicators remain in positive territory and indicate growth.
Soon buyers will try to gain a foothold on the last highs, for the preparation of the campaign to a new level, which is around 10 000 dollars.
Bitcoin exchange rate: Institutional investors affect crypto
Analysts at major investment Bank JP Morgan believe that in 2017, the bitcoin industry has changed significantly.
Report JP cited by Bloomberg confirms that the month of may, became the most successful for CME one of the largest providers of futures for bitcoin.
“The difference in volume between trading on exchanges and transactions made by investors with Bicon-futures indicates the commitment of institutional investors to cryptocurrency”
According to the report, the Bank’s BTC trading volume in may was $ 36 billion, a record.
Experts believe that now on the market of cryptocurrencies like never influenced by institutional investors, so in the future, fluctuations in the exchange rate of bitcoin will be more predictable, because big business typically relies on long-term investment.
On the other hand future expected mark of $ 10,000 to which the price may get close by the end of the month, will provide an avalanche reaction of entering the stock market all those players who still don’t believe in the prospects of the cryptocurrency.
In any case, the news of bitcoin, which come on the market and future predictions experts, remain relevant for both speculators and whales of kryptonyte.
Market analyst cryptocurrency
Stock Markets Group