BTC fell to less than $3800, “the upstream is larger than the downlink”.

It is another day, a mysterious market turbulence. In the past 24 hours, the encrypted currency has continued to fluctuate in a dramatic way, leading assets such as Bitcoin (BTC) and Ethereum (ETH) to have a single digit loss, leading to a loss in the investor’s block portfolio. Since the market update before Ethereum World News, the total value of the encrypted currency has dropped from about $130 billion to $122 billion, which has been supported by $15 billion (adjusted $7 billion 452 million) for 24 hours of trading. The market value fell by about 6.5%, a relatively small decline compared with the dismal performance of BTC last November.

It is another round of mysterious market turmoil. In the past 24 hours, the encrypted currency has continued to fluctuate in a dramatic way, leading assets such as Bitcoin (BTC) and Ethereum (ETH) to have a single digit loss, leading to a loss in the investor’s block portfolio. Since the market update before Ethereum World News, the total value of the encrypted currency has dropped from about $130 billion to $122 billion, which has been supported by $15 billion (adjusted $7 billion 452 million) for 24 hours of trading. The market value fell by about 6.5%, a relatively small decline compared with the dismal performance of BTC last November.

Despite the decline in volume since the rush peak in November last year, BTC continues to move forward in a thought-provoking way, which has recently fallen by $3800 in slow, stable selling, in sharp contrast to a 15% fall in mid November last year. In any case, the fact is that BTC is still less than $4000, a so-called technical, psychological and basic support position, which is unlikely to be a bull market breakthrough in the short term.

By the time this article was published, the price of bitcoin on BitFinex had fallen to $3780 ($3725 on other exchanges) and continued to keep a steady foothold at the price level. And, as previously mentioned, as bitcoin continues to collapse, the Shanzhai currency continues to collapse. ETH shares fell 5.43%, close to a significant price level of $100. The XLM published 7.61% of the loss, another loss following the outstanding performance of the asset last week. The price of BCH is $125, down 11% in the past 24 hours. The most interesting price trend, however, came from ZCash (ZEC), which fell 10%, although the company incorporated ZEC into Coinbase Consumer (Coinbase.com) on Wednesday. Of course, this is directly contradictory to the so-called “Coinbase effect”, and the assets are subjected to a lot of purchase pressure and hype, which is even a brief mention of the above start-up. Interestingly, the recent decline in the cipher market was in the wake of the stock market turmoil, the standard & Poor’s 500 (S&P) index fell staggering 3.24% in the past US trading day (December 4th). And, as many analysts, including Fundstrat’s Tom Lee (Tom Lee) point out, the performance of the stock market may have begun to affect the encrypted currency, which is contrary to the common view.

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Source: ethereumworldnews

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