Bitcoin was fixed at $ 7,500. What's next — expert opinion
Source:
On the Eve of the situation in the cryptocurrency market trader Dmitry Lavrov. The expert predicted subsidence rate to a level of $ 6500, and even a possible drop to the level of $ 5,000. Now, the state of the niche spoke other analysts.
theWhat will happen to Bitcoin. Expert
Today the majority of cryptocurrencies in the first hundred painted green. Cardano jumped 9 percent, IOTA — 7, and EOS BCH overcame with 6 percent each. Bitcoin is worth a little more than $ 7,500. The total market capitalization equivalent to 331 billion dollars, the share of the main coins is 38.8 percent.
The state of the market analyzed PR Director Tugush Blockchain Finance Timothy Fortunatov. His words are quoted .
You Need to keep in mind another aspect is the artificial nature of raising the price of Bitcoin at the end of last year, due to the active infusion of new investors and General excitement in the background of the launch of futures trading in the United States. This allowed Bitcoin to rise to 20 thousand dollars in December 2017, but it could not long maintain its tremendous value.
The Expert believes that now Bitcoin is in the stage of stabilization of prices and "return". Growth is possible, but not as sharp as it was at the end of last year.
So we can expect a gradual alignment of prices to levels last fall, when Bitcoin was sold for 8-9 thousand dollars.
But there is an important change. According to analyst, Equity Armor Investments Brian Stutland, now experts see a clear link between the dynamics of the Bitcoin exchange rate and "index of fear" on wall Street. Today the growth rate of the main coins in advance reported an increase in credit risk in the banking sector. Also BTC is becoming a new way to withdraw funds from your Bank account to your personal digital wallet.
Hope negative news background will be out soon. In recent years, experts say mostly about lowering rates.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
Euro brings losses, while Bitcoin stays afloat.
the decline of the Euro against the dollar is more critical than the reduction of exchange rate of Bitcoin for the last month. The main reason for the panic on the currency market — political turmoil in Italy, according to . the t...
John McAfee announces the release of its own Fiat currency
the Developer of McAfee Antivirus and billionaire John McAfee is developing a new Fiat currency, backed by the crypt. The project was announced only today, and already has a very ambitious goal. The new currency will be launched w...
Like: star YouTube expects 50 thousand dollars per Bitcoin by end of year
Blogger Nicholas Merten joins in bullish predictions of experts. Merten believes the mark of $ 50,000 can be overcome for Bitcoin exchange rate. According to him, cryptocurrency will be evaluated twice last year's high by the end ...
How not to lose your EOS eosDAC after starting mannata the first of June. Step by step instructions
Yesterday, the experts in the code of the blockchain EOS. A hole in security not only allowed the attackers to gain control over the nodes of the network, but in the future postponed the launch of the core network. Fortunately, th...
The trader's prediction: Bitcoins will go down even lower
a correction rate of the main cryptocurrency continues. The current situation is commented by renowned trader and analyst Dmitry Lavrov. The expert is confident that Bitcoin will continue to fall until the level of $ 6500, he said...
Delloit: the rejection of the blockchain will cause lag
at the end of last year, on the basis of the blockchain in the world 86034 project. However, the lifetime of the project brief — on average, these companies are of 1.22 years. The blockchain remains a very promising technology for...
331 Japanese trader has earned a million dollars last year
Cryptocurrency 2018 Consensus conference, which was held last week in new York, lush party. Guests had a contest with a prize Fund in the form of two sports cars Aston Martin, as well as shows with naked girls and one naked man in...
Survival: 92% boys, Belocca-projects "live" a little more than a year
In recent years, the number of blockchain-related startups has increased. In 2017 was held 871 ICO, developers of new projects managed to raise about $ 6 billion. Since the beginning of this year has carried out 777 ICO. The major...
McAfee: between the government, banks and kriptonite started this war
In mid-may, businessman and founder of McAfee, John McAfee that cryptocurrencies should develop organically, not under the scrutiny of regulators. In political views he is a libertarian and believes that the development has no bou...
Germany auctioned off the confiscated cryptocurrency
the Prosecutor's office of Bavaria sold the confiscated cryptocurrency equivalent of 12 million euros (about 13.9 million dollars). The transaction was the largest legal transaction with a crypt in Germany. About it reports . the ...
Korean exchange Bithumb will reduce the limit on withdrawals for anonymous users
South Korea's Largest exchange Bithumb in March about earnings in the amount of 501 million dollars last year. This figure is almost 250 times more a result of 2016. To maintain growth, the company strives to cooperate with local ...
How much is the "attack 51%" for the different coins. The answer is in numbers
In the last time attack 51% increase. The cryptocurrency community believes that it is necessary to draw attention to this issue and to actively discuss it. For this the developers created the site . The resource shows the price o...
Who and why dropped course Ethereum. Version experts
the Course of Ethereum cryptocurrency yesterday strongly collapsed — from 575 to 525 dollars. The sharp decline in prices of Live commented analysts. According to them, draining ETH is associated with the exchange Bifinex, which s...
may 28, representatives of the Finance Magnates spoke about the network activity of Ethereum for the past year. Time period brought 1090 decentralized applications (dApps) and more than 700 . And this is not all the data about one...
What is Zilliqa (ZIL)? A brief overview of blockchain platforms
Zilliqa scored a powerful movement over the last couple of weeks and not without reasons. The team that created the Zilliqa, has set itself the task to create the fastest, fully decentralized blockchain-based platform in the indus...
As the blockchain is changing the delivery — experience of a startup Fr8 Network
Blockchain startups for several years trying to make a revolution in different sectors: from real estate to Finance, IT and industry. Now came the turn of the scope of supply industry that supports the global economy afloat, is no...
The blockchain EOS found a critical vulnerability. The problem is solved, but the sediment remained
EOS is a new blockchain platform, which is also called the "blockchain 3.0". Cryptocurrency is ranked fifth in the world rankings. Per coin give 11.70 dollar, while its market capitalization is at 10.38 billion. Today in the code ...
New record: more than 3,000 cryptomite installed worldwide
the Number of cryptomate worldwide over 3000 pieces. A record number of new cars registered in may. At the same time every day in major cities in developed countries there will be 6 new devices to work with crypt, reports . the Bi...
Bitcoin is 7150 dollars, what happens next? Expert commentary
the Lull in the cryptocurrency market continues. Total capitalization today is equal to 307 billion dollars in the Bitcoin exchange rate in 7156 dollars. The share of the first coins is equivalent to 39.6 percent. More active than...
Blockchain gang. Looks like the party of those who advertises cryptocurrencies
we Recently about Zoe Bernard from Business Insider, which is nice to rest at a private party Bitcoin billionaires. Last weekend it pulled in another strange event. She was at the presentation of the crypto-currency awards that re...
Comments (0)
This article has no comment, be the first!