The exchange rate of bitcoin lost during the day, another 3%, investors are actively selling cryptocurrency
Stock Markets Group – bitcoin exchange Rate today is 3 Aug continues days before the fall, closely approaching the level of 7 200$.
As we noted in the previous review, the price of Bitcoin, aims to achieve this level of support, where according to our forecasts, buyers try to consolidate efforts and to expand the market.
Most courses cryptocurrencies are now showing multidirectional dynamics.
So, Bitcoin Cash is reduced by 2.68% and is located at 711 $ for capitalization 12 336 billion. The Ripple rate strengthened to 1.87%, and reached 0.4388$, by market capitalization 17 211 billion. Ethereum has fallen by 6.30%, and reached 661$ at market capitalization 41 344 billion.
14:25 Moscow time., major exchanges show the following values of the rate BTC/USD:
Bitstamp – $ 7 367 (-2.23%)
Bitfinex – $ 7 369 (-2.9%)
Coinbase – $ 7 365 (-2.21%)
The market capitalization of Bitcoin at the moment is $127 005 billion Total capitalization of the stock market 243 138 billion.
Bitcoin exchange rate under pressure news about Bithumb
As it became known today, the largest crypto currency exchange, has suspended the registration of new accounts in the absence of prolongation of the contract with the servicing Bank, NH Nonghyup Bank.
The South Korean newspaper Busines Corea reported the following information:
“Bithumb, one of the four bitcoin sites which ceased opening new accounts from 1 August because we were unable to extend the contract with NH Nonghyup Bank”
We will remind that earlier the government ordered banks serving cryptoamnesia operation, to tie existing accounts to real user data.
This was done in order to exclude the risk of using bitcoin and other cryptocurrencies in money laundering and illegal fraudulent schemes.
Currently in South Korea works officially 4 Bithumb cryptocurrency exchange, Coinone, Korbit and Upbit. They all stepped up the fight against the shadow schemes immediately after it was adopted a new law, and Bithumb in the month of may even limit the withdrawal limit from the accounts of those customers who did not identify their accounts:
“We decided to reduce the amount of the withdrawal in national currency, as there is risk of usage of transactions with the cryptocurrency in financial crimes”
To request Busines Corea, a spokesman of the Bank said:
“The Bank has not renewed the contract of cooperation with the crypto currency exchange because she has problems in the security system and provision of customer information. The Bank believes that the recent hacking of Bithumb and loss of funds in the amount of 16.88 million dollars confirms our fears”
Experts note that of the four major shopping areas Bithumb is the most vulnerable from the security point of view.
Bitcoin exchange rate today
As we said earlier, bitcoin was required to complete a technical correction to the fullest and to stop the decline in district 7 of $ 200. Today, this trading plan is almost worked out a price.
But what will happen to bitcoin next?
In the current situation need some time in order for the bitcoin exchange rate was fixed and the buyers have accumulated the strength to break up. Re-test the level of 7 600$ and care of the quotes above in the direction of 8 000$ to confirm the potential uptrend, and will allow bitcoin to grow in the medium term. So far, we have analyzed two scenarios of development of events.
The rate of bitcoin will stay at current levels and to develop downward movement. In this case, the intermediate mark 7 $ 600 remains the main indicator able to stop attempts to “bulls” to strengthen growth.
Then the fight will be over around 8 000$ and only a breakout above it to confirm the intentions of the buyers to go further.
The rate of bitcoin will continue to fall, and in this case, the sellers attention will be focused on the important support of 7 000$.
The break of the level will bring more bears and the cost of bitcoin could collapse in the region of 6 800 $ that will cancel a technical correction and will increase the risk of a new downward wave.
In the current situation we suggest to wait until the price of bitcoin is not stabiliziruemost close to current levels.
Market analyst cryptocurrency
Stock Markets Group™