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Crypto news: Bitcoin stabilized at $9 500

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On Friday morning August 30, the price of bitcoin has stabilized around $9 500. Analysts at FxPro report that the stabilization is temporary. It occurred four days after reduction in the cost of coins. Recall that the price of a token has dropped to a critical recent level of $9 300.

In July, the sale of the coins stayed around these levels. If a further decline will not continue, the range is $9 300 – $500 9 will be a powerful support for major cryptocurrencies on the market. It is at these levels buyers will show the greatest interest in the token.

Биткоин стабилизировался на $9 500Screenshot tradingview.com

Sale of coins of BTC coincided with a rally in the promotional market in USA after China has made several statements to mitigate concerns about trade wars. This is not the first compared to the financial market and geopolitical principles. In the future statistics will help to better define the relationship between them.

Today we can say for sure that investors are interested in bitcoin, and soon they will have new tools investment. It is expected that this will make the correlation more obvious and well monitored.

Peter Schiff, renowned financial analyst, made a statement that bitcoin failed the test for the title of the asset. He explained that against the background of rising gold, silver, Japanese yen and the Swiss franc bitcoin, along with the financial market plummeted, and all this against the backdrop of new developments in the trade war between America and China.

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