A large part of the 2019 Bitcoin ROS, increased the percentage of domination and a lot of analysts predicted that the current situation is just a kind of acceleration before really rapid growth.
New records expected because of the growing economic crisis.
Experts suggest that digital and patnoe gold will be the rescue havens for investors to preserve the value of assets. Especially between these tools is growing stronger correlation.
Probably it will, but not today.
Before the economy collapses, you can take even weeks and months and years.
Yesterday, the chief of the cryptocurrency has experienced a rummage sale, which, according to our log Mining-Bitcoin is not yet over. Quotes confidently break the round price level of 10.5 thousand U.S. dollars, which indicates the intention of Bitcoin is to move lower — at least to 10 thousand USD.
In the reverting phase has passed and gold. If Fiat value of the signal for the weakening was the U.S. decision to postpone sanctions against China until December and a continued, though weak, but the dollar’s rise against all major currencies, for Bitcoin named other reason.
The US SEC announced the postponement of a decision on the ETF to 13 and October 18.
Presumably, the regulators there are not enough reasons to justify the refusal. Therefore, hopes that the derivatives of cryptocurrency will be OK — the phantom.
In fact, the intention of the US to impose sanctions against China, immediately, has the only goal — to give an opportunity for Beijing to make a counter-move and return the regulation of the Renminbi to the dollar.
If China accepts the rules of the game, the number of investors disappear causes to save funds to alternative assets including Bitcoin. And while America will not come up with the following script to the weakening of the national currency, the dollar hardly will fall. Consequently, the depositors will not appear reason to change investment in USD for other currencies or goods.
And what is the minimum level of the current correction Bitcoin do you see?
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