Correction on crypto-markets

The main crypto-currencies on Wednesday are falling in price as part of the correction that began on the market to the rapid growth of the previous days, when bitcoin reached its monthly highs.
The bitcoin rate declined by 0.29% to $9,325 on Wednesday, with a capitalization of $158.9 billion. Other crypto-currencies suffered more serious losses.
Thus, the rate of litecoin fell by 6.66% to $152.7 with a capitalization of $8.6 billion. Ethereum has fallen in price by 8.20% to 641.5 dollars, its capitalization is 64.1 billion dollars. The rate of ripple fell by 10.71% to $0.84, with a capitalization of $33.4 billion. The total market capitalization of crypto-currencies by this time reached 409.2 billion dollars.
As a reason for the growth of the crypto-currencies in recent days, it is possible to designate the end of the tax period in the United States, when the participants of the crypto-markets paid taxes for operations with digital money. Now the market has matured correction.
On Thursday, we can expect that the bitcoin rate will go below $9,300, litecoin - below $150, ethereum will move to $630, and ripple will go to the level of $0.7.

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Oil lost about 1% of its value, and gold and silver almost did not react, contrary to the expectations of many investors, that they would appreciate.
The yen, traditionally considered as a rescue island, in moments of crisis or geopolitical tension, is not traded in any significant change in its levels.
If we had to be objective, the biggest increase over the weekend were crypto-currencies. And this is increasingly asking the question - will the crypto-currencies turn into the "new gold"?
Otherwise, gold is traded at levels of $1 346 per ounce, and its rise continues to decline from a level of $1,360. The silver is at 16.65 dollars per ounce, and the brent is exchanged at 72.25 dollars. Early in the morning, the valuable raw material had fallen below the psychological limit of $72 a barrel.

Crypto-markets has risen sharply

Crypto-market actively grows on the good news about the possible creation of a European partnership in the field of blockchain. Bitcoin rose above $8,000.
The bitcoin price increased by 11.29% - to 8122 dollars with a capitalization of 116.2 billion dollars. The rate of Litecoin strengthened by 5.68%, to 130.3 dollars with a capitalization of 7.3 billion dollars. Ethereum at the same time increased in price by 12.00 to 10.88% - to 519.3 dollars, its capitalization was 51.1 billion dollars. The ripple rate climbed 13.85% to $0.65 with a capitalization of $24.8 billion. At the same time, the total capitalization of the market is 323.6 billion dollars.
Last week the crypto-currencies sharply increased in connection with the decision of some countries of the European Union to sign a declaration on the creation of a European partnership in the field of blockchain. They are ready to cooperate and exchange experience in the technical and regulatory sphere, as well as to prepare the launch of common applications using blockchain technology for the public and private sectors.
It is likely that the market has completed the period of corrective decline and has entered an upward trend.

Crypto-currencies: fall continues

The main crypto currency - bitcoin - is significantly cheaper, reaching yesterday below the mark of 7 thousand dollars and striving on Thursday to the level of 6700 dollars.
Other crypto-currencies also show negative dynamics with a decrease in capitalization. This occurs within the framework of the downward trend that has formed on the market, which was not broken by the short-term growth of the previous days.
Thursday morning, the bitcoin fell in price for a day at 2.53%, with a capitalization of $116.4 billion. Alternative crypto-currencies are also cheaper. Ethereum fell in price by 0.6%, with a capitalization of 37.7 billion dollars, Ripple - 2%, to 0.49 dollars with a capitalization of 19.6 billion dollars. The rate of Litecoin thus fell by 0.78% - to $120.03. The capitalization of Litecoin is 6.7 billion dollars.
The market has recently seen a decline in trading volumes, which leads to an outflow of speculative capital from the crypto-market.

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Investment guru: The bitcoin will be the biggest bubble in our lives

Investment legend Mike Novogratz launches a new 500 million dollar asset-backed hedge fund to invest in crypto-currencies. Novogarz will add 150 million personal savings to these funds, and will raise another $350 million in January.
The Galaxy Digital Assets Fund will have assets of $1 billion and will become the largest hedge fund investing in crypto-currencies, according to acquaintances.
For Novogarz, this will be a return to the world of investments after the serious losses he registers for Fortress and his retirement for 2 years.
The bitcoin will be the biggest bubble in our lives, Novotarz said in an interview with Bloomberg on crypto-currencies. According to him, the prices of crypto-currencies will rise far from what they should be. A lot of money can be made on their way up, the expert added.
We can only recall that this month the bitcoin reached a new historical record of $5,000. There was a serious correction of over 30%, which led him to levels of about $3,000.
Currently, however, the bitcoin is trying to raise over $4,000 again.
Novogratz's fund is expected to have a broad mandate, including as a market maker, arbitrage, and stakes in new coins that are on the market.
Most institutional investors stay away from crypto-currencies because of skepticism and because these markets are too volatile. It is possible, however, that the first of the big players on the market to take advantage of it.