The rate of bitcoin has fallen below $ 7,000, the expert forecast a negative

  • And
  • +A

Stock Markets Group – the exchange Rate of bitcoin fell below $ 7,000 for the last day, suddenly interrupting the week flat.
The price of Bitcoin suddenly turned down, as it became known about the requirement of the Commission on trade commodity futures U.S. (CFTC) to provide data on trade, after the launch of futures on bitcoin, the four largest exchanges: Kraken, Bitstamp Coinbase and itBit.
Most altcoins also began a sharp drop after the main cryptocurrency. So the Bitcoin exchange rate Cash fell to 12.10% and is at a level of 968$ 16 capitalization of 724 billion dollars. Course Ripple tumbled 11.65 percent and reached $ 0.58$ in the market capitalization 23 476 billion. Price Ethereum went down 11.46% and reached 532$ in market capitalization 53 560 billion.
22:45 GMT., the main cryptocurrency platforms display these values of the rate BTC/USD:
Bitstamp – $ 6 736 (-10.4%)
Bitfinex – $ 6 719 (-11.8%)
Coinbase – $ 6 754 (-10.5%)
The market capitalization of Bitcoin at the moment is $116 227 billion Total capitalization of the stock market 257 269 billion.

Bitcoin exchange rate began a new round of fall?

Experts note that such a strong selloff most popular cryptocurrency was not accidental. One of the assumptions can also be a major selling coins one of the hedge funds, as in a thin summer market with many investors leaving the stock market and get rid of bitcoins and other cryptocurrencies of the top ten.
Against the background of low activity as we have mentioned earlier, to move the market in one direction or another is not difficult. Even such news as the investigation of price manipulation of digital coins major exchanges, could cause panic and strong sales.
Comments about what the exchange rate of bitcoin and other popular assets is very different on different exchanges had happened before, but it was a private observation of traders that does not affect the market.
However, the emergence of bitcoin futures, this problem, apparently, and moved to the derivatives market that caused the CFTC investigation.
As you know the futures, while the only financial instrument that has allowed the major players to use Bitcoin for investment, albeit indirectly.
Attention from the regulator directly to the four trading venues this is a very bad signal for those who trade, but also for the future development of kryptonyte in the direction of trading.
If this behavior of the players according to the message, to avoid a strong fall of bitcoin in the next few days, is unlikely.

Bitcoin exchange rate today

Курс биткоина обвалился ниже 7000 долларов, прогноз эксперта негативный
After this unexpected “turn” when the cryptocurrency market as a whole is losing about 6% in just a few hours, and its market capitalization reduced from more than $ 15 billion, we do not expect positive developments.
In the current situation, traders are focused on the latter, the strong support of 6 800$, where the bitcoin exchange rate still may turn up.
Over the next few hours it will become clear the extent to which buyers are willing to support the cryptocurrency, or the next wave of sales will lower the asset is even lower.
In the case of a negative scenario, and the breakdown of the level 6 800$, price will tend to the following targets located around 6 000$ (minimum month of February).
Failed consolidation of the course at this level, will open a new purpose for an asset 5 to$ 500, where last time bitcoin was November 12, 2017.
Курс биткоина обвалился ниже 7000 долларов, прогноз эксперта негативный
___________
Sergey Titov,
Market analyst cryptocurrency
Stock Markets Group™