Cryptomarket goes down despite blockchain-ETF launch

8 February, 2019

Cryptocurrencies continue to decline, despite the announcement of the creation of American companies AdvisorShares and Sabretooth Advisors of an ETF based on IT companies working with blockchain technology. The foundation was launched on February 7th.

Bitcoin rate at 10.30 dropped by 0.65% - to $ 3355, updating the annual minimum. Its capitalization amounted to 59.7 billion dollars. Ethereum by this time fell in price by 1.24% - to 103.3 dollars with a capitalization of 11 billion dollars. XRP fell 0.68% to $ 0.291 with a capitalization of $ 12 billion. This cryptocurrency almost did not respond to the news that the digital platform Binance will cooperate with Ripple, integrating xRapid technology. Litecoin rate for the day decreased by 0.6% - to 32.9 dollars, its capitalization reached 2 billion dollars.

The total capitalization of the crypto market was $ 111.8 billion. According to forecasts of financial scouts, the crypt market will continue to fall, updating the minimums from the beginning of the year.

In the near future, bitcoin can go below $ 3300, Ethereum can go down in price to $ 100, XRP - up to $ 0.28, and Litecoin - up to $ 31-32.

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