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Swarm Intelligence Set

Cryptomarket in the red on negative news

04 Mar 2019   #Bitcoin

Cryptocurrencies went down again on a number of negative news. In particular, market participants perceived with pessimism the message that the US Federal Reserve could include a scenario of the collapse of the cryptocurrency market in the list of risks when conducting control stress tests.

Also negative for the cryptographic market was the information that the financial regulator of Thailand reduced the list of digital assets allowed in the country. Bitcoin Cash, Ethereum Classic and Litecoin have been removed from the list.

After those messages, the bitcoin rate at 11.00 decreased by 2.17% - to $ 3,723 with a overall marketcap of $ 66.5 billion. Ethereum by this moment fell by 4.95% - to 126.6 dollars, its capitalization amounted to 13.5 billion dollars. Positive for this cryptocurrency was the news that after a successful Constantinople upgrade, the task of coordinating further hard forks in the network will be entrusted to several people at once.

XRP declined in price by 3.23% - to $ 0.3 with a market cap of $ 12.7 billion. Litecoin fell 4.77% to $ 45.9, its capitalization reached $ 2.8 billion. The overall capitalization of the cryptocurrency market was $ 126.9 billion.

According to financial scouts' opinion, the crypto market will continue its downward movement. In the future to come, Bitcoin might fall in price to $ 3,600, Ethereum - up to $ 120, XRP - up to $ 0.27-0.28, Litecoin - up to $ 43-44.

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