Cryptocurrencies falling despite SEC positive

March 13, 2019   Bitcoin

The main cryptocurrencies continue to decline as part of a strong downtrend, ignoring the positive from the US Securities and Markets Commission (SEC). So, the head of the SEC, Jay Clayton, said that cryptocurrencies, which initially fall under the definition of securities by definition, eventually lost these attributes. In addition, the largest stock exchange in Germany Deutsche Borse is going to launch cryptocurrency futures, presenting fixed-term contracts for Bitcoin, Ethereum and XRP.

Despite these positive messages, the rate of Bitcoin at 10.00, according to Libertex, decreased by 0.21% in a day to $ 3,857 with a capitalization of $ 68.8 billion. Ethereum by this time fell by 1.13% to $ 131.3, its capitalization was $ 14 billion. XRP fell in price by 0.26% - to 0.3101 dollars with a capitalization of 12.8 billion dollars. XRP did not support the news that the developers of the cryptocurrency wallet Trust Wallet, which is under the management of the Binance exchanges, added support for XRP operations for Android and iOS devices.

Litecoin per day fell by 0.18% - up to 56.1 dollars, its capitalization amounted to 3.5 billion dollars. The total capitalization of the crypto market has reached $ 134 billion. According to financial scouts, in the framework of the downward trend in the cryptocurrency market will continue to weaken. In the near future, Bitcoin could drop in price to $ 3,800, Ethereum - up to $ 130, XRP - up to $ 0.3, and Litecoin - up to $ 55.

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