Specifically, Bitcoin prices at this time 8,185 market capitalization of $ 140 billion and.
In addition to Bitcoin, a number of other major digital coins are slipping. Bitcoin prices also dragged down the downside of the virtual currency market. At present, the capitalization of Bitcoin is only $ 140 billion
Now, digital-inspired giants are flocking to New York for the biggest digital money event of the year - the CoinDesk Consensus Conference.
Fundstrat's chief executive and technical investment strategist, Robert Sluymer, predicted that the event would serve as a boost to Bitcoin and other currencies, removing the negative impact of the crash. ro operator.
The risk from regulators, the underlying risks surrounding what is happening to the digital money has just bottomed out, and we are now in the recovery phase of the review, "he said on the" "Fast Money" by CNBC on Thursday.
Bitcoin has historically risen in price after the Consensus - one of the biggest events taking place during Bitcoin Week. By 2015, the virtual currency has risen to 23% of its value, then continues to rise by 10% after the 2016 event and this figure in 2017 even reached nearly 70%.
Yves Mersch, a member of the board of the European Central Bank (ECB), recently said banks wanting to trade or trade in digital money should ensure that it " distinctively "with their other activities, as more and more financial institutions join this movement.
Due to the high volatility of virtual currencies, it seems necessary to require any VC transaction to be backed by sufficient capital and to separate and "isolate" the transaction. with other investment and transaction activities.
As far as I know bitcoin is good for seasonal trading and if you look at the chart of last 2-3 years then you can find that from july/Aug generally bitcoin stage rally till December and last year it was substantial rally. I may not say the same will happen this year too, but I am saying that at least some 30/40% price recovery will be there after july.
Nice information for us