What has caused the fall of Bitcoin? According to a Russian analyst
Source:
Today, the price of Bitcoins slumped almost up to 6400 dollars. Most likely, the sharp drop of bitcoin has due to Goldman Sachs. According to anonymous sources, the investment Bank has postponed the start of trading futures Bitcoin. About it writes .
thedropped Why Bitcoin
Now the main cryptocurrency is trading at $ 6450 for the past day it has lost nearly 12.5 percent of its value. The fall of Bitcoin had a very negative effect on the rest of the stock market — almost all top altcoins too, fell on average by 15-20 percent.
Rapid drain began immediately after the news with Goldman Sachs. Representatives of the Bank noted that while the institution's management fails to open the trade in futures on Bitcoin due to the excessive volatility of the asset and the lack of the necessary infrastructure.
Director of investments Cryptolife.World Mansur Guseynov leads the cause of the fall of the home currency.
Bitcoin has not managed to overcome the downtrend line and yesterday fell 8 percent. Today the drop continues... Altcoins usually drop stronger.
Now all participants of the stock market are watching a key support level which is located in the center 5850 dollars. If Bitcoin breaks this boundary, not possible to drop to a new yearly low.
What is the Outlook give you? Share your answers or comments.
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