Thursday, September 5, the price of bitcoin falls. 10:00 GMT the first cryptocurrency is trading at $10 558,19 (-0,18%).
A team of analysts at FxPro said:
“Bitcoin shows a virtually unchanged price dynamics in the last days then rebound to $10 700. It is worth noting the continuing growth of the index of dominance, which is steadily approaching 71%. While this indicator is very far from 86% — the level reached at the end of February 2017 (when the era of altcoins). However, the trend is clearly the focus to the return of such a situation in the market of cryptocurrencies. To rectify the situation the power of large investors — if altcoins seem them at some point, an attractive speculative instrument.
However, while there is no question, and all efforts directed towards the creation of investment infrastructure around bitcoin. September 23, in the case of the successful launch of futures, the physical delivery of the asset, the market can experience a huge boost in demand. Not to say that the price dynamics in the case of the arrival of large institutional investors can swing in both directions, however, all have long accepted the rules of the game of bitcoin is volatile, and it is these qualities that attract the market participants in the asset the most.”
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