The price of bitcoin was afraid of pressure from regulators and loses 0.67%

  • And
  • +A

The major cryptocurrencies continue to become cheaper against the background of loss of interest serious investors and because of concerns about stricter regulation of the market.
So, Estonia is considering to strengthen the regulation of cryptocurrencies due to the threat of money laundering. It can tighten control over the companies, which offer access to cryptocurrency-related services, in particular, cryptocurrency exchanges.
Also about tightening of regulation of the stock market was discussed at the summit of “big twenty” (G20).
Bitcoin exchange rate of 11.00 per day fell by 0.67% to 3992 dollars in capitalization to $69,6 billion Ethereum by this time weakened by 1.36% to 110.3 per dollar, its market capitalization has reached $11.6 billion XRP fell by 2.78% to 0.35 dollars in the capitalization of $14.4 billion Litecoin per day became weaker by 0.95% and dropped to 31.4 per dollar, its market capitalization was $1.9 billion.
The total capitalization of the stock market reached $is 129.3 billion.
It can be expected that in the near future cryptocurrencies will continue its downward movement. Bitcoins could drop down to $ 3800, Ethereum – to $ 105, XRP – to 0,33-0,34.dollar and Litecoin is $ 30.
___________
Ivan Marchena,
Analyst
GK Forex Club