The value of cryptocurrencies is already close to the annual “bottom”
The reason for the sharp fall of steel cryptocurrency news from the world’s largest investment Bank Goldman Sashs, who refused the creation of the Department of trade cryptocurrencies due to the “uncertain future regulation and development of this direction”.About this site “Today” said a senior analyst at GK Forex Club Andrey Shevchishin.
“The market for cryptocurrencies such decision is reflected negatively, as major players refrain from operations,” explained Shevchishin.
He stressed that Bitcoin is already close to annual lows – 5700-5800 dollars.
“If this level is overcome, there is a high probability of large-scale sales of the cryptocurrency, and its fall to the levels of 1000-1100 dollars, which corresponds to peaks 2013. The sales will connect long-term holders and speculators who took out loans for the purchase of cryptocurrency in 2017. Cryptocurrency will sell miners that are stocked with cash for payment for electricity”, – the expert predicts.
Recall, just for the day, bitcoin fell by 12.8% and in the morning of 6 September it was traded at the level of 6391 dollar. Other cryptocurrencies of the TOP 5 by capitalization depreciated even more.So, the price of Ethereum dropped by 20.89% and is at the level of 224,8 USD. Cryptocurrency Ripple (XRP) lost in the price of 14.45% and the Cash of Bitcoin fell by 20.96%. Cryptocurrency EOS lost 22,69%.
Bitcoin rate in a week
Founder and partner of Morgan Creek Digital Assets Anthony Pompliano earlier this year predicted that before the end of 2018, the price of bitcoin could rise to $ 50,000, but now he is less positive: in his opinion, it is likely to fall to $ 3,000.