The crypto currency market is again in ruins, the cost of Bitcoin has fallen by more than 15% over the last 24 hours, dragging all Altcoin with it. This fall affected the entire crypto-currency market.
According to CoinMarketCap, the Bitcoin price is estimated at 8 281 US dollar with a market capitalization of 140 billion dollars. The Token Ethereum is estimated at 617 dollars, and the total capitalization of the crypto currency is more than 60 billion US dollars. The price of Ripple is 0,72 dollars, and the total capitalization is estimated at 28 billion US dollars.
Forecasts of investors
Investors predicted such a course, moreover, they say that the price of Bitcoin will reach 7 000 US dollars and will not rise until September. Some believe that the price drop is related to the expectation of a splash in the fall, and also that the trustee of the Gox exchange, Nobuaki Kobayashi, sold 66 344 Bitcoin and 168 177 Bitcoin Cash, it was these sales that negatively affected the market.
Earlier Bitcoin-investors believe that the current drop is normal and shows that weak players are leaving the market. They also add that the sale by the Mt Gox exchange will not have a serious impact on the market and will make it more stable in the long term.
Author: Andrey, analyst Freedman Club Crypto News
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