A drastic decline of altcoins on Friday

Heavy week for the bitcoin and the other cryptocurrencies. The heaviest, however, was the last day of last week for the altcoins.
Bitcoin Gold, for example, lost 15% of its value, pointing to the psychological limit of $50. Many analysts believe that the depreciation of the cryptocurrency may continue to the next psychological level of 40 dollars per coin.
The latter level has proved to be a key level of support, and started the last rally.
The dash also overcome the psychological support level of $400 on Friday, and the cryptocurrency seems to have fallen further down to 350 dollars. Experts believe that the $420 level is a serious resistance and could limit the price of the digital coin.
The monero also experienced severe times on Friday, moving below the $200 psychological limit.
Otherwise, the ripple declined substantially, falling over the past week by over 20% and closing the week at 0.69 cents. Litecoin also fell seriously - to a level of 139 dollars per coin on the last day of the week.
The second largest cryptocurrency - the ethereum, ended at a level of 690 dollars per coin.
Otherwise, the bitcoin led the fall of the cryptocurrencies after dropping below the $9,000 psychological limit, where it traded for most of last week. On Friday, the bitcoin ended at $8,500 for a coin.

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.

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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A 20% drop in the weekend for the bitcoin

The increase in the cost of bitcoin cash happened in an environment of sharp drop fro the bitcoin. The oldest cryptocurrency lost nearly 20 percent of its peak at $7,900, trading at the minimum of about $6,300 in the weekend.
Trade was tense for the other cryptocurrencies. The ethereum traded stabely at levels of about $300, unable to find a way up until the ripple returned some of the earned and exchanged just over 20 cents a coin.
Now the question is how the news about futures on bitcoin will be reflected on the currency and the fact that GS are clearly preparing to become market makers on the position ...
Will the bitcoin continue to rise, and how much will it cost to pay? When will the ripple start to rise?
Early on Monday morning, the bitcoin cash was traded at levels of about $1,200 for a coin.

Tom Lee: The bitcoin can rise to 20,000 by 2022

The boom of the crypto-currencies and its record-high appreciation is largely at the expense of gold, said Tom Lee, managing director of Fundstrat Global Advisors.
The strong appreciation, from 172% in the bitcoin and over 3200% in the ethereum, is largely at the expense of gold, according to the expert.
For the last time, the bitcoin is traded at just over $2,600, and the ethereum at $266. The first cryptocurrency recorded historical records at levels of about $3,000 in June, and the second at a level of nearly $400.
Lee added that the number of new added bitcoins slowed down significantly in the past year, to 4.4% of the total, compared with 9.3% a year earlier. There is a further delay in the supply of the bitcoin, which may trigger an even greater increase in the future.
On the other hand, Lee adds that the supply of gold has grown "seriously" since 2009. At present it is at a record 3,100 metric tons.
Lee has a very optimistic forecast for investors in bitcoin. According to the analyst's baseline scenario, it is possible that the value of the bitcoinship will rise to $20,000 by 2022. In the most optimistic scenario, however, the bitcoin can rise to $55,000.
A potential factor that could lead to an outburst in the value of cryptocurrencies may be potential purchases of cryptocurrencies by central banks. The total capitalization of bitcoin is currently about $42 billion. And if it rises to $500 billion, it's entirely possible central banks to include in the game, Lee said.

Those affected by flash crash with the ethereum will be compensated

There is much talk about what happened with the ethereum at the end of last week. As a result of an instant crash at the price of the virtual currency, which became a reality at 12:30 pm on June 21, the price of the ethereum fell momentarily from $296 to $0.10.
The good news is that the GDAX exchange, where the flash crisis with the ethereum happened, will recover the losses of all investors as a result of the momentary decline, whose positions have been closed due to a margin call.
From GDAX claim that they will establish a process of crediting the accounts of customers who have experienced a margin call or whose loss-limiting orders have been triggered as a result of the downward depreciation of the ethereum.
At the same time, they will leave the positions of those who bought the ethereum at low prices as a result of waiting orders.
What is the conclusion?
The momentary price depression definitely did not affect many investors, and there were not many those who benefited. Otherwise, hardly on the stock exchange they could afford to cover the losses at all.
Apparently GDAX has calculated that the value of the loss is tolerable because their initial comments were that customers would not be compensated.
Since the beginning of the year, the ethereum has risen by 3,700%.