Bitcoin collapsed again


Photo: Tyrone Siu / Reuters

The price of bitcoin fell 10 percent, thus losing all the profit from the beginning of the year. This is evidenced by the data portal CoinMarketCap, which calculates the average price by more than 20 exchanges.

According to him, bitcoin has lost 9 percent of its value, slipping to 3,671 thousand dollars. While the largest exchange by trading volume Binance bitcoin has dropped in price by 9.7 percent to 3,579 thousands of dollars. In the course of trading, the decline exceeded 10 percent.

It is noted that the decline in other cryptocurrencies became even more rapid. So, Ethereum fell by 15.62 percent (127,54 dollar), Ripple — by 10.01 percent (0,3297 USD), Bitcoin, Cash by 15.86 per cent (134,27 dollars). Market capitalization of crypto-currencies is 122,231 billion dollars, while bitcoin accounts for more than half of the market.

“No real reason for such a fall, neither technical nor fundamental”, — quotes the words of a senior analyst
eToro’s Mati Greenspan CNBC. According to him, such dynamics may indicate the rollback after the jump, which occurred on Sunday, January 6. Then the growth of bitcoin prices amounted to 5.71 percent for the first time since December 25 has exceeded four thousand dollars.

In late December, investing in bitcoin has been called the most disastrous in 2019. So, bitcoin for the year fell by 71.15%. Thus the loss of the investor amounted to 213 464 rubles from the calculated amount (300 thousand rubles).

Video, photo All from Russia.


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