Cryptocurrencies are still falling

February 7, 2019   Bitcoin

The main cryptocurrencies are still falling in price in the absence of any positive news. Reports entering the market, on the contrary, indicate the vulnerability of digital assets, which scares investors. The main cryptocurrency assets traded again yesterday with a slight decrease. Bitcoin fell to a key support level of $ 3,400, Ethereum fell to around $ 103, and the price of XRP fell to a level of 0.2900.

The capitalization of Binance Coin reached 1.17 billion dollars, which allowed the cryptocurrency to take the tenth line in the CoinMarketCap rating. Despite the continuing decline in the cryptocurrency market and the decline of Bitcoin to the level of 3400, Binance Coin continues to grow for the seventh day in a row and only today the price of the token has increased by 17%. A significant increase occurred after the announcement of a new project at the Binance Launchpad site, the purpose of which will be to automate a large number of markets in which a lot of manual labor is currently used. The growth of the token is also associated with the recent ICO BitTorrent, the success of which surprised many, and the overall development of the Tron project.

In our forecast for Thursday, we expect a further decline in the main cryptocurrency. We expect Bitcoin to drop to levels of 3380, 3350 and 3320 dollars, a decline in Ethereum to 100, 97 and 95, and a decrease in the price of XRP to support 0.2875, 0.2850 and 0.2800 dollars.

For example, one of the recent events was the death of Gerald Kotten, the founder of Quadriga, the largest Canadian cryptoburner, after which investors could not withdraw more than $ 137 million from the trading floor, as their accounts were blocked.

At 10.30, the bitcoin exchange rate per day symbolically decreased by 0.03% - to $ 3,369 with a capitalization of $ 59.9 billion. Ethereum by this time lost in the price of 0.19% and dropped to 103.7 dollars with a capitalization of 11 billion dollars. XRP fell 0.68% to $ 0.291, its capitalization was $ 12 billion. Litecoin per day fell by 0.3% to $ 32.8, its capitalization reached $ 2 billion.

The total capitalization of the crypto market was $ 112 billion. The fall in digital assets will continue, financial scouts predict. In their opinion, in the near future, Bitcoin can drop to $ 3,300, Ethereum - to $ 100, XRP - to $ 0.28, and Litecoin - to $ 30.

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