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The price of Bitcoin cryptocurrency fell significantly, the total capitalization of the industry fell to 100 billion dollars
On the afternoon of December 15, the average price of Bitcoin market has set a new annual minimum of $ 3,994. Then she grew up, now the price of tears is $ 3276. At the weekend, most of the digital currency fell significantly, the Ethereum rate fell to 82 USD, the XRP to 0.282 USD. According to UkrMedia, total market capitalization has been reduced to $ 100 billion.
In addition to the value of cryptographic currency, the daily volume of transactions has also declined considerably. Last week, that number dropped 29% from $ 14 billion to $ 10 billion. Many experts have predicted such a development. BTCC Exchange co-founder Bobby Lee, for example, estimates that the price of bitcoin will continue to fall, and by January 2019 it will be $ 2,500. After that, the piece will start going up, says the expert.
Meanwhile, analysts Weiss Ratings recommend buying cryptographic currency until its value remains low. Eric Erwin of Blockforce Capital shares the same point of view. He is convinced that the correction of the digital money market in 2018 will not affect the development prospects of a new kind of assets.
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