Wednesday 31 January 2018

The bitcoin drops by 12%, returns below $10,000

The sales of the world's financial markets have shifted to the bitcoin and the other cryptocurrencies. The largest and most popular one lost 12% of its value to a level of $9,800 this morning. So the bitcoin went back below the $10,000 psychological limit for a bottom test at $9,300.
Increasingly, the skeptics and technical analysts are warning that the fallback of the bitcoin may continue to take full effect if its bottom at $9,300 is overcome.
Of course, there are also those who believe that the current levels of the bitcoin are suitable for the purchase of the cryptocurrency, with a potential rise for the test of the top at nearly $19,500.
Bitcoin sales were also transferred to other cryptocurrencies. Decline was also noted in ethereum, ripple, and lightcoin.
The ripple, once again returned to the $1 psychological limit, as early this morning was traded at $1.06.
Ethereum lost nearly 10% of its value to be exchanged at $1,055. However, it lost only about 20% of its top, against a loss of bitcoin of over 50%.
The most losing among the major currencies is the ripple, which has fallen by more than 70% from its record highs at the end of last year.


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