According to Citicoins data, Bitcoin evaporated nearly $10 billion in market value within a week, falling from the previous price of 20,000 dollars to about $6,100, a drop of 70%. The industry has such an analysis, they believe: Bitcoin prices may fall to 4,815 US dollars in the next quarter.
Since the beginning of this year, the price of cryptocurrencies has fallen all the way, with almost no stopping trend. It is reported that in the week ending June 25, over 80% of the nearly 1,600 digital currencies had a price drop, with an average drop of 19%. On June 27, the digital currency market generally fell, and almost the day before Increases. Bitcoin prices fell back below the US$6,100 level and fell nearly 3% within 24 hours; the Ether, Ripple, Litecoin and Bitcoin cash all fell over 5%. As of 18:00 on the 28th, the price of one Bitcoin was reported at US$6,099. According to data from the cryptographic currency website citicoins.com, in the week ending June 25, over 80% of the 1600 or so digital currencies tracked by the site had fallen in price, with an average decline of 19%. Among them, the most declining price was Bitcoin, which fell to nearly 500 U.S. dollars this week; followed by bitcoin cash, which dropped by 142 U.S. dollars. Spencer Bogart, a blockchain venture capital expert, predicted in an interview that many cryptocurrency hedge funds will end the one-year lock-up period, which will “artificially pull down” bitcoin prices. In February 2018, according to Autonomous Next statistics, a total of 226 cryptocurrency hedge funds, more than twice as much as in October of last year.
However, at the time of 30/6/2018, the price of bitcoin rose miraculously. Up to now, the price has risen to 6401.14 US dollars, up 8.76%. As to why there is room for such rise, relevant experts have given such an analysis. :
According to data from citicoins.com, the net inflow of the BTC market in the past 24 hours was as high as 2.108 billion U.S. dollars, of which the two major trades of USD and USDT accounted for a total inflow of 2.1114 billion U.S. dollars, and other transactions showed a net outflow. Time-sharing data shows that the main net inflow of BTC market since 6:00 as high as 328 million yuan, significantly higher than the recent average. A large amount of capital inflows or major sources of rebound for BTC this morning.
Show on citicoins.com, in addition to bitcoin, the price of some cryptocurrencies has also risen:
1.COSS
COSS token is the COSS, As of now, tThe price has rise by 5.82%。The current market value is: 13,607,618USD, the exchange rate for the USD is: 0.114532 USD, the redemption price for the BTC is: 0.00001791, and the transaction volume in the 24 hours is:64,694 USD.
Presearch token is the PRE, As of now, tThe price has rise by 10.48%。The current market value is: 21,475,095USD, the exchange rate for the USD is: 0.138549 USD, the redemption price for the BTC is: 0.00002180, and the transaction volume in the 24 hours is:80,456 USD.
3.Datum
Datum token is the DAT, As of now, tThe price has rise by 8.23%。The current market value is: 13,809,336USD, the exchange rate for the USD is: 0.015253 USD, the redemption price for the BTC is: 0.00000245, and the transaction volume in the 24 hours is:361,805 USD.
Safe Exchange Coin token is the SAFEX, As of now, tThe price has rise by 6.53%。The current market value is: 37,418,022 USD, the exchange rate for the USD is: 0.024248 USD, the redemption price for the BTC is: 0.00000388, and the transaction volume in the 24 hours is:51,091 USD.
5.Sentinel
Sentinel token is the SENT, As of now, tThe price has rise by 8.89%。The current market value is:14,069,980 USD, the exchange rate for the USD is: 0.007035 USD, the redemption price for the BTC is: 0.00000110, and the transaction volume in the 24 hours is:232,817 USD.