The exchange rate of bitcoin is ready to return to around $ 6,000
Bitcoin exchange rate today remains near the mark 6$ 500, the players are not making any attempt to support the popular cryptocurrency.
Stock Markets Group – the Price of Bitcoin after the rapid leap up almost 5% has stalled and, unopposed, getting ready for another fall.
According to our forecasts now not enough of a reason to develop a full-fledged growth in the market, at the same time, sellers are not taking advantage of a lull in their favor.
Other cryptocurrency in the top ten remain in the negative. So the Bitcoin exchange rate Cash fell by 3.19% and is at 720$ 480 capitalization of 12 billion dollars.
The Ripple rate decreased by 1.76% and reached 0.46$ at market capitalization 18 393 billion. Ethereum fell by 1.73% and reached 459$ in market capitalization 46 703 billion.
At 14:30 GMT., major exchanges show the following values of the rate BTC/USD:
Bitstamp – $ 6 521 (-0.15%)
Bitfinex – $ 6 521 (-0.17%)
Coinbase – $ 6 532 (-0.21%)
The market capitalization of Bitcoin at the moment is $113 050 billion, Total capitalization of the stock market 229 764 billion.
The bitcoin exchange rate and news
The chief financial regulator of Japan have denied the rumors about the re-regulation of the cryptocurrency. In its release, in response to information in the media about possible changes, the FSA said that this fact was not.
The Agency noted that regularly conducts research and meetings with experts, institutional representatives and other participants of the stock market, to respond promptly to problems arising in the field of cryptocurrency.
We will remind that earlier the newspaper Sankei Shimbun reported that the chief financial regulator of Japan is considering revising rules to regulate the cryptocurrency. In the news publication it was reported that in this matter the FSA plans to move from the current law on payments of the cryptocurrency to the Law on the financial instruments and exchange (FIEA) which reads as follows:
“Virtual currency is a legal tender, as well as electronic money which corresponds to the revised settlement act funds. However, if the cryptocurrency will be regulated by the Law on the financial instruments and exchanges, will fall under the definition of “financial instrument””
In turn the FSA has issued the following message:
“If the regulator will have similar considerations, then at first they will be proposed as the agenda for the study group. However, the last 4 meetings the rules of debate changed, so questions that are not included in the agenda may not be considered”
Previously, the law on the regulation of the cryptocurrency in Japan was passed in April of last year and legalized the transactions with bitcoin and other cryptocurrencies, and defining them as means of payment.
Also all of the trading kriptolodzhika the certification process to obtain permission for transactions with cryptocurrencies in the country.
Bitcoin exchange rate today
By the end of the trading week, the popular cryptocurrency “exhausted”. Bitcoin stuck near the next resistance and back to the psychological mark of 6,000 dollars.
Despite the rapid growth rate at the beginning of the week the price resumed its gradual decline, losing an average of about 1%.
However, the digital asset for quite a long time stays above important support, indicating that the low activity of sellers.
Bitcoin exchange rate after a short pause again will continue the growth. For a successful break of the downward trend, bitcoin should go higher than 7 000$. Otherwise there is a high risk of falling.
In the case of a successful exit from the current range, the first stop bitcoin will make in the region of 7 000$, and then the main battle will be at 7,500 dollars.
The negative scenario
The rate of bitcoin will fall below, in the district of powerful psychological mark of 6 000$. In this case, targets are levels 5 to$ 500 and $ 5,000.
However, we believe that in the current situation, the chance for a deep drop of Bitcoin in the coming months is unlikely because the primary capital that investors planning to withdraw from the market, has moved into the Fiat.
Short-term fluctuations in the exchange rate of bitcoin is possible both in one and in the other direction, but it will happen only in the framework of the current range.
Market analyst cryptocurrency
Stock Markets Group™