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Friday 16 June 2017

Will the correction of bitcoin continue?

The bitcoin and the other crypto-currencies marked a significant decline yesterday. After the cost of the bitcoin reached a historic record of $3,000 at the weekend, it recorded a substantial correction to levels of just under $2,300 yesterday. Or a drop of over 20% within two days.
And while the currency returns some of the lost and is traded today at $2,400, its decline has once again reminded investors that the direction of markets or assets is not just upward.
In fact, investors trading with a margin of 5 times and buying a stake at $3,000 in fact may have lost their funds now, in just three days.
Even if we witness a serious return and above the peak of $3,000, it is completely possible that the virtual currency correction is not over. Practice shows that adjustments usually last for several weeks and that the next bad news or a negative commentary from a leading financial institutions could increase the depreciation.

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