🏅The market of crypto currency continues to fall🏅

johncobra (44)in #bitcoin • 7 years ago

🍀 In the market of crypto-currencies prices continue to decline. This is evidenced by the data of Coinmarketcap.

🍀 The price of Bitcoin for the last day decreased by 7.07% and as of 10:35 (Kiev / Moscow) was $ 3981.49 per unit. The Ethereum rate, the second largest crypto currency in the world, fell by 7.97% to $ 273.55, and Bitcoin Cash, closing the top three, - by 11.5% to $ 510.46.

🍀 Of the top 100 largest crypts in the Coinmarketcap rating, there are only eight growth: Tether (0.16%), Civic (28.66%), DigixDAO (4.57%), SingularDTV (4.71%), Bitquence (2, 45%), CloakCoin (18.97%), Tierion (1.36%), Walton (11.08%).

🍀 The leaders on the decline are currency pairs with the participation of the Chinese yuan, traded on the three leading Chinese crypto-exchanges - OKCoin, Huobi and BTCC, which is obviously a consequence of the decisions of the Chinese government to tighten the regulation of the crypto-currency and, in particular, the ban on holding the ICO.

🍀 Average BTC quotes on these exchanges fluctuate at $ 3400-3600. The picture is similar for other currencies, they trade 15-17% below the average exchange rate for Coinmarketcap.

🍀 Although rumors of a complete ban on crypto-exchange exchanges in China have not yet been confirmed, the Central Bank of China published its full text on its ban on ICO on Friday, which also refers to the ban on exchange transactions with tokens issued during the Krauseyls.

🍀 We can assume that the market expects more stringent measures to regulate the turnover of the Crypto-currency. Recall that the Chinese stock exchanges, which once occupied up to 80% of the market of exchange transactions with crypto-currencies, had already suspended their work in January 2017 on the instructions of the Central Bank of China.

🍀 Against the background of reports of a possible closing of stock exchanges on September 8, the price of bitcoin fell from $ 4622 to $ 4224 per coin and continued to fall.

🍀 At the time of publication of the news - 11:08 (Kiev / Moscow) - the weighted average rate of Bitcoin grew from $ 3981 to $ 4,049. How long the upward trend will last is not yet known.