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Tuesday 27 June 2017

The bitcoin begins the week with a fall

The start of the week was not particularly positive for the bitcoin. Crypto currency dropped by 4.4% to $2,480 on the first day of the new week. This was the lowest value of the bitcoin for the last week.
Bitcoin sales on Monday became reality in the absence of substantial news. But this may have something to do with the flash crash at the ethereum last week, when the currency fell momentarily from $296 to $0.10.
The reluctance of the stock exchange, where this happened, is that investor losses as a result of a crash will be restored.
Since Wednesday last week, the bitcoin has already dropped by 9.5%. Its loss from the top, at about $3,000, is about 20%.
The weakness of the currency is to a large extent predetermined by China's three largest exchanges, where cash withdrawals became reality for the first time since April.
The bitcoin was named "bubble" by the intrepreneur Mark Kuban, and Goldman Sachs said we can see a currency adjustment of up to$ 1,915 on the basis of technical analysis.
Another serious question mark before the bitcoin is whether the two state index funds based on it will receive approval after the initial refusal to be licensed. This decision is currently being appealed before a higher court.

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