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Swarm Intelligence Set

Cryptocurrencies continue to decline


12 Mar 2019   #Bitcoin

Cryptocurrencies continue to decline, ignoring the good news


The main cryptocurrencies continue to go down within the framework of a fairly strong downtrend prevailing in the market. However, they do not respond to a number of quite positive news on the cryptomarket. For example, the head of the exchange Binance Changpeng Zhao announced the launch of a new crypto-fiat platform, which will work in Argentina.

Despite this favorable news, the rate of Bitcoin at 10.00 decreased by 0.91% - to 3825 dollars with a capitalization of 68.1 billion dollars. As it became known recently, the owner of one of the largest bitcoin wallets by the end of last month withdrawn the last bitcoins totaling about $ 230 million.

Ethereum for the day fell by 1.44% - to 129.9 dollars with a capitalization of 13.8 billion dollars, despite the fact that the owner of the skyscraper "Burj Khalifa" in Dubai announced plans to release Ethereum-token and hold an ICO.

XRP fell by 0.98% - to $ 0.307, the capitalization of this cryptocurrency reached $ 12.7 billion. The Swiss stock exchange SIX announced that it will soon launch XRP-ETP. Litecoin rate for the day fell by 1.66% - to 53.3 dollars with a capitalization of 3.3 billion dollars. The total capitalization of the crypto market was $ 131.7 billion.

As financial scouts believe, in the near future the cryptomarket will continue to go down. Bitcoin can drop to $ 3,750, Ethereum - to $ 125, XRP - to $ 0.29, and Litecoin - to $ 52.

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