Thursday, August 29, the price of bitcoin (EXANTE: Bitcoin) is falling. At 09:40 GMT the first cryptocurrency was trading at $9585,65 (-5,71%). The decline began the night before when the hours bitcoin dropped from $10 200 to $9700.
A team of analysts at FxPro said:
“The nerves of the holders of the cryptocurrency had failed again: Bitcoin has dramatically fallen in the night more than $600, or 5%, to $9500. The fall of bitcoin occurs when the growth of the trading volume in 24 hours by 34%.
Altcoins not only supported the reduction, but in many ways took the initiative in volumes: for example, Binance Coin fell by more than 10%. Most likely, the main reason is debt too sideways. The principle “what is not growing is falling”, it is always important for the market of cryptocurrency, and recently it again felt deep frustration with the narrow range in which trading BTC recently.
Recall that for a long period of sideways movement until November 2018 ended large-scale sale. Previously, the bitcoin actively bought around current levels and below, this time the bulls may not be as active, as there are more willing to enter the market of bitcoin is already at a better price. As for altcoins, in their context, now one direction: on the way out”.
Earlier cryptocurrency platform Bakkt said that from September 6 clients waiting to launch trading in deliverable futures on bitcoin will be able to make deposits.
A full-scale launch of the trading day and monthly deliverable bitcoin futures platform to be held on September 23.
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