Editor's Picks News

Bitcoin broke through the bottom, updating at least 2018

In recent days the bitcoin exchange rate to the dollar fell by more than 11% hitting its lowest level since October of 2017, the largest altcoins lose in value to 20%. $6 000 which many analysts believed was the “bottom” and punched at the time of writing, the first cryptocurrency was trading around $5 640.

According to the service CoinMarketCap, over the last 24 hours, all cryptocurrencies of the TOP 10 lose 10-15%. The situation is similar in the TOP 100. If there is one token that is rapidly rising is Nasdacoin (NSD), which in recent days has risen by 309% from $0,96 to $3,98.

Some analysts believe that the decline of the stock market caused by the imminent introduction of hard forks of Bitcoin Cash, that is, the introduction of a new Protocol, resulting in a new cryptocurrency — Bitcoin and Bitcoin ABC SV. But in General analysts do not agree, what could cause such a rapid fall.

“What we are now witnessing is breaking down. Sometimes you need time to figure out the real reason for occurring — trading or regulators”, — quotes Reuters the words of the founder Cryptocompare Charlie Hayter (Charlie Hayter).

The optimists refer to the cyclic model of course the first cryptocurrency and believe that the bull market will begin if not this. then just at the beginning of next year. Among such optimists and the head of one of the leading kryptomere world Chanpen Zhao.

“Of course, I don’t know what will lead to the next bullish rally of bitcoin, but I’m sure it will happen sooner or later. Sooner or later, something will increase”, — he said in an interview with CNBC.


.

Related posts

Regulators are attacking Facebook

alfonso

Bitcoin in Hong Kong is more expensive than in the world

alfonso

BitMEX hardware crush may have contributed to Bitcoin’s confidence dip

sinead