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By Soraia Barbosa
Posted on January 28, 2019
Whoever accompanies the progression of cryptomercado is already accustomed to the ups and downs that we have overnight. However, sometimes the red market eventually scares a lot, especially when we look at the price of bitcoin, which is essentially the thermometer of the entire market.
Today, the market scenario was not worrying, the constant decline of Bitcoin continued and showed no signs of fundraising. The original cryptomoeda and the largest digital badet in the world reached their lowest value of the last month beginning Monday.
Bitcoin dropped 5.2% early in the day compared to the weekend. According to the Bloomberg Galaxy Crypto, crypto has had its worst result in the past two weeks. Ether and Bitcoin Cash both lost more than 10% over the same period. The beginning of the year was quite disappointing for criptomoedas investors who hoped that the 2018 bear market tragedy would end the arrival of 2019 But more than 400 billion dollars have "disappeared" from the market value of crypto coins in the last 12 months. Part of the fall came from a mbad acceptance that ultimately failed.
At the same time, the economic part of the industry is under pressure, miners losing interest in more and more of the computing power of the blockchain. The main reason is that, with the devaluation, bitcoin extraction is not enough to pay for the energy expended.
According to the technical indicator GTI Vera Convergence Divergence, Bitcoin has entered a sales trend for the first time since last November. The last time a sell signal was sent, the currency went from $ 6.2 thousand to $ 3 156 thousand and has struggled to recover since. As a result, we may not have seen the trough of the Bitcoin market yet.
See also: Binance chain is "faster" and "cheaper" than Ethereum says CZ
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