Bitcoin exchange rate fell to $ 30

In the medium term cryptocurrency rate can fall even lower, to $ 580. On cryptocurrency price effect taking place in California and meeting miners Bitcoin Core developers.

Bitcoin began to rapidly fall in price on Sunday, 31 July. Four hours cryptocurrency dropped in price by $ 20, from $ 654 to $ 634. After this, the next wave of the downward trend was recorded on the night of August 1. By 7:00 MSK Bitcoin exchange rate reached a local minimum of $ 616, and then adjusted to $ 623.

The market capitalization of the Bitcoin system dropped below the psychological mark of $ 10 billion to $ 9.84 billion.

Daily trading volume has not changed and amounted to $ 101 million, which is slightly less than in the previous week on Monday, July 25th.

According to analysts, the current downward trend in the medium term can bring the price Bitcoins to a level of $ 580. Some even suggest that cryptocurrency rate drops to structural support in the $ 450, writes Cryptocoinsnews.

The depreciation of Bitcoins may reflect investors' concerns about the transition of the largest Chinese mayningovyh pools on different protocol in the event that the kernel developers have not released a new Bitcoin client Bitcoin Core with increasing block size to 2 MB to August 1st.

on July 31 in California held a closed meeting between the Chinese and pools miners and developers of Bitcoin core.
About the upcoming event became known in mid-July. Organizers of Bitcoin Core Team have stated that they plan to make some content available to the public, so as not to look like conspirators. But in practice, no public information regarding the progress and subject matter behind closed doors, did not appear.