[TechWeb] July 2, according to foreign media reports, Monday, bitcoin prices fell below $ 10,000, compared to June 26 nearly $ 14,000 of the recent highs of nearly 30%.
Bitcoin prices
CoinDesk data showed US Eastern time around 11:40, Bitcoin price fell to $ 9986.26 July 1. When June 26, the price of the currency encryption has exceeded $ 13,000, nearly $ 14,000, a record high since 18 months. Compared with $ 13,879.24 on June 26, the price of this encryption currency fell by about 28%.
Soon, Bitcoin will soon begin to decline after close to $ 14,000, below $ 13,000 and $ 12,000 level in less than two hours of time.
EToro's social trading platform, senior market analyst Marty • Greenspan (Mati Greenspan) will fall Bitcoin prices last week described as a "positive development." He will this decline, "anxious to encrypt money market poured a bucket of ice, the market does become a little overheated," likened.
In a similar way many analysts describe the trend on Monday Bitcoin prices. Digital head of currency research TradeBlock • John Todaro (John Todaro), said: "The recent pullback provides a much-needed breathing space for investors." He added: "Bitcoin price in just a few days It was almost parabolic rise, which makes the bit credits become overheated. "
BitBull Capital hedge fund's encryption Monetary Fund chief executive officer (CEO) • Joe Di Pasquale (Joe DiPasquale) takes a similar view. He said: "Bitcoin price drop is a healthy signal, to prevent unreasonable rise."
He added: "In addition, we Bitcoin price is concerned, on the whole did not lose too much value, indicating that the seller does not withdraw encryption currency market, but the portfolio in balance."
Looking ahead, it seems Todaro price fluctuations encryption currency will remain relatively moderate level of hope. He said: "If the asset class down some warm, and trading in the $ 9,000 to $ 11,000 range, that would be the ideal choice."
Todaro said: "However, long-lasting downtrend may also bring trouble, because it will erase the last few months investors to enter the market positive emotions."
Bitcoin is the world's largest currency encryption, this encryption currency price volatility and famous. 2016 at the end of 2018, Bitcoin prices soared from a mere few hundred dollars to more than $ 20,000, and later fell sharply.
Since April this year, Bitcoin prices have soared. In June this year, when the price of this encryption currency has exceeded $ 10,000, $ 11,000, $ 12,000 and $ 13,000 mark.
Encryption currency experts said that the mainstream market for encryption block chain technology and its underlying currency renewed interest. The latest rise of Bitcoin, thanks to a weaker dollar and Facebook plans to launch a new digital currency Libra.
Analysts said, Facebook announced that it will launch its own encryption currency Libra, rekindled interest in digital currency, while looking for a safe alternative investment investors also pushed up the price of Bitcoin.
Last month, Facebook said the company will launch its own encryption currency Libra in the end of June 2020. (Little Fox)