Not mastered: bitcoin rolled back 15% after trying to storm $ 3000.

In the evening of June 11, bitkoin made an attempt to storm the next price line at $ 3000 for BTC. It seemed that the new thousand would be passed as easily as the previous one - the level of $ 2000 was taken on May 20 almost "off the bat." For a month bitkoin has risen in price almost twice, that at current volumes of trade and capitalization - very large movement. But this time the "bulls" got a fair click on the nose, and the "bears" were able to strike back.
On many exchanges that do not trade for the dollar - in particular, Japanese and Korean - the price of bitcoin has long risen above $ 3000 at the rate to the national currency. However, on dollar exchanges the rate rose much more slowly. Only on June 11 at Bitfinex the price for a few minutes could "pierce" the barrier, rising to $ 3003. On GDAX (Coinbase), it stopped at $ 2999.99, and on Bitstamp - at $ 2980. The index Coindesk, summarizing data from the world's largest exchanges (not just dollar), on June 12, set a historic high of $ 3040.

In general, it is not yet possible to talk about a fully reliable overcoming of the $ 3000 level. This is confirmed by another significant correction, which continued during the day on June 12. After the second unsuccessful attempt to overcome the barrier, the bitcoin rate began to crumble. On average, during the day, bitcoin lost about 15%, and on some exchanges (for example, Bitfinex), more than 20% of the historical maximum, and currently trades between $ 2,600 and $ 2,700.
What is most interesting in the last major movements of bitcoin prices is a significant decrease in dependence on external influences. The last two major corrections, as well as the establishment of historic highs, occurred outside of any significant events in the bitcoin industry or on a global scale. In particular, today's decline is associated, basically, with the massive closure of "long" positions on the Japanese and Korean exchanges, as a result of which the price for them almost equaled that of dollar exchanges. That is, the Asian bubble, inflated after legalization криптовалют in Japan, starts to be blown away.
Of course, growth will be, but not so fast as enthusiasts expected. Large investors, included in the beginning of the wave, found the profit more than sufficient and decided to fix it, which led to the long-awaited correction. The further development of the situation in the medium term will depend on the ability of the community to take, finally, the solution of the scaling problem. The most reasonable solution would be the implementation of the New York Consensus, under which nearly 60 large companies, including most of the miners, signed. However, the "pole of confrontation", that is, the development teams Core and Unlimited - continue to occupy the maximalist positions, which only aggravates the conflict.
The ether crept imperceptibly

In the meantime, Bitcoin's main "system opponent", the Etherium, does not show signs of fatigue from climbing and continues to stamp records. Having set the next maximum of $ 400, he continues to go up to bitcoin. Not taking part in yesterday's correction, the air kept the price in dollars, and in ETH / BTC added another 20% and now it costs 0.15 BTC, and its capitalization for the first time in history exceeded 80% of bitcoin's capitalization - and it has not yet been possible to any alcotnone . If the trend continues, we can soon see a change of leader. The bitonal domination index has already fallen below 40%, and the share of the air has exceeded 33% - they are ready to face, and this will probably be the strongest shock for bitcoin after the MtGox crash.

For eight years Bitcoin remained the undisputed leader of the crypto-currency industry, and now he is beginning to be threatened for the first time by a young competitor. The Etherium has its own problems, and its blockbuster also needs scaling, but it moves faster and attracts investors' attention with the potential of a platform of "smart contracts". And already this summer we can see the first "battle of the Titans" crypto-currency universe, the outcome of which is unpredictable.
SOURCE https://bits.media