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Today, the value of bitcoin against the dollar fell below $9 500, and market capitalization decreased by 17 billion dollars in a matter of hours. Reduction of prices BTC began the evening of August 28 after the coin has broken the mark of $10 270. Trading volumes during the falling exchange rate of bitcoin has risen by 37%. At the moment he has almost reached $20 billion.
Ayash Jindal, a professional analyst from the Platform, confident that bitcoin broke the expected support level at $9 760 and almost fixated on the new below $9 500. If the rate will go even lower, the fall in bitcoin should slow down $9 200. The analyst noted that in case of reversal of any climbing course will run into resistance at levels between 9 and 9 800 $ 850.
Now only a few cryptocurrencies from the top hundred in terms of capitalization remain in the green zone, continuing a slight increase. Among them HedgeTrade (+6,21%), Lambda (+6,12%), Egretia (+of 15.21%), Golem (+13,37%), and others.
The second largest digital coin Ethereum fell for the day by 9% and is now trading at $169. XRP has dropped almost 6% to $0,252 for the token, Cash and Bitcoin and Litecoin fell by 8 and 10%, respectively.
The total capitalization of cryptocurrency market in the last couple of hours fell by almost 7% and now stands at $246 billion in trade volume of $65 billion, We continue to monitor developments and will notify when it will be profitable to buy bitcoin for dollars. At the moment we need to be patient and to wait.
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