Bloody Sunday: why falling Bitcoin?

Date:

2018-06-10 19:15:06

Views:

49

Rating:

1Like 0Dislike

Share:

Bloody Sunday: why falling Bitcoin?

The stock market finally got a clear movement reports . However, the new trend is formed again, not in favor of the bulls. Just a couple of hours disappeared about 15 billion total capitalization, and the Bitcoin price has fallen 6 percent.

the

the fall of the cryptocurrency associated with the expectation of closing

According to Coinmarketcap, at the time of writing, the total market capitalization recorded at around 320 billion dollars. For the past day, this figure dropped to $ 25 billion, and most of the money was drained in just two hours. 6: 45 PM UTC the price of Bitcoin plummeted to $ 300. Now the cryptocurrency is trading around 7250 dollars.

With the exchange rate of Bitcoin is correlated to the state of all the altcoins, so the price of the top 10 coins decreased on average by 10 percent. Suffered most of all IOTA, the cryptocurrency has lost almost 13 percent of its value over the past 24 hours. The following places among the losers is EOS and Cardano. Their value has decreased by 10 percent.

The Price of Ethereum fell to 565 dollars, is 6 percent decline from yesterday's high. The air for a long time, went sideways, and now the lower line broken. Capitalization Ripple lost $ 1.5 billion, and the rate of bitcoin has fallen to 61 cents.

The cause of the fall of the stock market is not new controllers again come on the heels of the exchanges. Earlier in the Internet appeared rumors about the closure of several major shopping areas, including Coinbase. Under the scope of the Commission on trade in commodity futures of the USA has also been found Kraken and Bitstamp. Both exchanges appear in the investigation of price manipulation.

South Korean Playground CoinRail suffered from a hacker attack. According to Coinmarketcap, CoinRail is on 90-th place in terms of capitalization. Daily trading volume here is just over $ 2.6 million.

From this falling market you can identify one useful conclusion – any support levels can be easily broken in a bear market. In this situation, you need to very carefully manage their assets.

Recommended

Hawaiian crook grabbed a trademark of the Bitcoin Cash, and calls himself Satoshi Nakamoto

Hawaiian crook grabbed a trademark of the Bitcoin Cash, and calls himself Satoshi Nakamoto

Over the past year in the patent and trademark office (USPTO) has registered two trademarks Bitcoin Cash. One of them is allegedly the perpetrator of Honolulu, who was involved in fraudulent schemes in 2001. About it writes . the Bitcoin Cash belongs...

CEO of Coinbase kicks from the low price of Bitcoin

CEO of Coinbase kicks from the low price of Bitcoin

Recently, the General Director of the exchange Coinbase Brian Armstrong tweeted, referring primarily to his subordinates. In them, the entrepreneur showed a relationship to the current value of Bitcoin, which he believes is right. It is reported . 1...

John McAfee stops advertising the ICO because of threats to SEC

John McAfee stops advertising the ICO because of threats to SEC

Developer John McAfee said that he will no longer cooperate with any ICO projects. This billionaire said in Twitter that mention "warnings from the SEC," according to . the John McAfee stops shillito ICO the Creator of McAfee has been repeatedly accu...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

CRYPTOMACH / ASIC-monsters from Innosilicon GMO and Putin's thoughts about cryptocurrency and courage Vitalik Buterin

CRYPTOMACH / ASIC-monsters from Innosilicon GMO and Putin's thoughts about cryptocurrency and courage Vitalik Buterin

Ended the first full week of summer. The season has just started, but the heat has already arrived. During the last seven days, the market appeared two new ASIC miner, one at the 7-nanometer process technology. In addition, about ...

Buy high, sell low: how not to sell the crypt

Buy high, sell low: how not to sell the crypt

analyst firm Chainalysis published a report that analyzed the movement of assets in the stock market. As it turned out, from the beginning of 2018 long-term investors poured thousands of bitcoins in total the equivalent of $ 30 bi...

"Cryptococal of wall street": cryptocurrencies will rise when the state adjusts the market

In may, the Creator of McAfee antivirus, John McAfee of the need for regulation of the cryptocurrency market. According to experts, the industry needs to develop organically. Otherwise, the government can set the rules of the game...