The cost of bitcoin to dollar per day fell by 7%, bringing the rate of BTC has dropped by almost $ 1,000. The share of the asset for the cryptocurrency market has also decreased and reached to 67.5%.
The price of bitcoin on the morning of 13 August was 11 $ 350, and on 14 August the rate is $10 580. Other top capitalization of bitcoin has fallen in price not so much as BTC, which has weakened 7%.
A graph of bitcoin exchange rate to dollar for 24 hours
During the day, the course Ethereum decreased by only 1%, and as of August 14 is $206. Another popular cryptocurrency Ripple fell only 1.5 to the level of 0.293 dollars. The value of Bitcoin Cash, which occupies the fourth place in terms of capitalization, rose by 4% to $344.
The total value of the cryptocurrency market today is about $280 billion, that is, during the day, the figure dropped to $ 15 billion. Recall that on August 10 the level of capitalization was above $ 300 billion. Trading volumes, in turn, increased from 44 to 54 billion dollars. Throughout July and August, these volumes did not fall below 40 billion
The Murad Makhmudov, an analyst with Goldman Sachs in the past, suggested the growth of the bitcoin to dollar up to $ 100,000. Today, Mahmoud is the chief information officer of Adaptive Capital Fund. He reported a weak price movement in the nearest time period, so the shorts to trade is now profitable. Better stock up and wait – he predicts the increasing rate of BTC to $100 000.
Also recently another analyst Anthony Pompliano, who founded the company Morgan Creek Digital Assets, also predicted the rise of bitcoin prices to the dollar up to $100,000 roughly by 2021.
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