Crypto Market Red Day- Market Cap Down more than $15 Bln within few hours

in #bitcoinnews2 years ago (edited)

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July 10: This is bad day for crypto market and down more than $15 Bln from yesterday. Now price sitting down at $6,487 at writing time with total market cap $257 bln and bitcoin down -3.05% today and Ethereum also down with -6.71% and Bitcoin Cash down -5,43% but Eos down -11.54% with a sudden loss.

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This red day cause three major U.S. economists arguing about bitcoin and say that crypto coin will fail as a currency.
EU Researchers think Cryptocurrency harmless now and become dangerous in future.
But also a case report says Virtual currency will remains in the future but regulated not banned.

My Views: In my opinion there are several facts that was the causes for VC price. First is China totally banned bitcoin exchanges and mining firms and you know china was the top crypto volume country. Second one is many cyber attack and hacking issue’s on big exchanges and third one is the other’s countries also regulated and some of these totally banning it and forth is scammers grow in crypto industry that will also harm us and fifth that is the important price manipulation by big whales.
But there are also some positive news in the market like Australian govt. regulated cryptocurrency and malta open to all crypto exchanges like crypto friendly environment and also many other’s country try to regulated it not banning it.

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Very useful. Analysis

Upvoted
Hope u too

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Showing sign towards bull run????

Yes! Soon bullish comming

Seems like not a good time to invest in Crypto Currency

Only for risk taker

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Nice information bro, just keepit up on steemit 🇮🇳

interesting update brother,its sad to know market is going down now so let just hope for the best and thanks for sharing :)

Well Done! Keep it up
Thank you ;)