Temporary correction or another fall?
The prices for crypto-currencies, having pleased investors, predictably (or not) went down. Pleasant green arrows of price indicators were replaced by menacing reds.
Almost all of the Crypto-currencies now, as well as disciplined, as usual, have returned to falling prices together with the commander in the person of Bitcoin. In itself, such a monotony of market dynamics makes it somewhat boring lately.
According to Coinmarketcap, now the Bitcoin price has decreased by almost 8% and is trading at about 10060 dollars, that is, the flight to 12000 dollars, which many have already announced, did not take place.
Prices Ripple and Bitcoin Cash synchronously fell to 11%. Ethereum fell almost 7%, to about 815 dollars, Litecoin – almost 10%, to about 195 dollars.
It is believed that good or bad news influences the market. But so far no news, which could somehow affect, is not noticeable.
For example, the crypto-currencies did not react to the positive, in general, news that Coinbase and Bitfinex announced support for SegWit. Also, they were not interested in the cryptology about the activation of the UK regulators.
Meanwhile, Bitcoin is approaching the psychological mark in 10000 dollars, but not with a very pleasant side. And on some sites, I have already successfully overcome this mark. I wonder what will happen next.
Author: Evgenij Novožilov, Analyst Freedman Club Crypto News
Image from Fotolia
Source: Read Full Article