The rate of bitcoin has fallen for a day almost 7%, cryptocurrency in red

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Rates of major crypto-currencies on Friday significantly reduced due to unfavorable news about the prospects of the stock market. The bitcoin exchange rate went below the psychological mark of 9 thousand dollars.
Reason for pessimism on the stock market gave the report of the company NVIDIA, which was first revealed by the proportion of revenues associated with crypto-mining. The company reported that it expects a fall in revenue from GPU mining in the second quarter by 66%. Investors took this figure as unfavorable prognosis for cryptocurrency prices.
Another reason for the fall were the rumors about the next sale of the assets of Mt.Gox.
According Libertex, bitcoin 12.00 per day has fallen in price on 6,9% – to 8789,7 dollars in capitalization in 150,4 billion. The Litecoin exchange rate weakened by 9.54% to 142.3 per dollar in the capitalization of 8.1 billion dollars. Ethereum, when it fell by 8.66 12.00% to 696,4 dollar, its market capitalization amounted to 70.1 billion. The rate of Ripple fell in price by 12.66% to 0.69 dollars in the capitalization of 27.2 billion dollars. The total market capitalization is 398,6 billion.
In the future days, we can expect that cryptocurrency will continue to take the position. Rate Ripple can be lowered to 0.67 of the dollar, Ethereum will be traded below the $ 700 level, Litecoin has a chance to go below $ 140. Bitcoin, most likely, will fall in price to $ 8700 and below.
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Ivan Marchena,
Analyst
To Forex Club