Analysis Editor's Picks

The cryptocurrency market once again subsided, but the rate of bitcoin will stay above $4000

Almost all cryptocurrencies of the top 20 are colored in red, however, bitcoin still remains above $4000.

Dynamics of the rate of BTC

In the last 24 hours the rate of bitcoin sank nearly 4% and dropped to $4016. However, the situation looks more stable than on Friday, when BTC broke $4000 at least twice.

Dynamics of altcoins

Ripple remains the second largest cryptocurrency at the rate of $0.36 (-2.4% per day). Following is Ethereum a rate of $115 (-3.6% per day). The total cryptocurrency market capitalization fell to $130 billion in Daily trade volumes are at the level of $14 billion the Only “green” cryptocurrency in the top 20 remains Ethereum Classic (17th).

Background

Another correction in the cryptocurrency market has occurred simultaneously with the tightening of regulation of the cryptocurrency sector in several countries — Japan, Thailand and Estonia. On Saturday the participating countries the G20 has called for international taxation of cryptocurrencies, as well as the introduction of international measures against the laundering money through cryptocurrencies.

Related posts

Binance Officially Begins Crypto-Mining With Its Launch of Binance Pool

ibrahim

Indonesia’s Central Bank to Issue Digital Currency for Transactions Improvement

Joseph Alalade

Polygon Network Comes Back Online After an Rxtended Service Outage

Afroz Ahmad