The exchange rate of bitcoin fell below $ 8,500 and may fall below 8 thousand

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The main cryptocurrency on Wednesday once again began to decline significantly in the overall market volatility, the exchange rate of bitcoin fell below $ 8,500 and may fall below 8 thousand.
According Libertex, bitcoin exchange rate to 12.00 per day declined by 6.26% to 8200 dollars in capitalization in 140,7 billion. The Litecoin exchange rate weakened by 6.4% to 136,1 dollar in the capitalization of 7.7 billion dollars.
Course Ripple was reduced by 9.22% to 0.67 at dollar capitalization at 26.8 billion dollars. Ethereum has fallen in price by 12.00 6.22% – up to 686,4 dollar, its market capitalization amounted to 68.8 billion dollars. The total market capitalization is 376,8 billion.
Some nervousness in the market has brought the news that the Civil code of Russia it is planned to introduce the concept of cryptocurrency and the conditions of its use. The purpose of this action is creation of legal base for regulation of cryptocurrency and transactions.
In the future days, we can expect that cryptocurrency will continue to fall further. Bitcoin could fall below $ 8500 dollars, the rate of the Ripple can be lowered to the level of 0.65 dollar, Litecoin can go a little below $ 130, and Ethereum may sink to the level of $ 680.
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Ivan Marchena,
Analyst
GK Forex Club