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-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.

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