[ad_1]
The price of bitcoin (BTC) fell on Tuesday, July 31, 3%, bringing the price of cryptocurrency to $ 7,781.49, amid a negative day that dragged most of the altcoins to losses that varied between 3% and 17% in cases such as Mithril (MITH), Pundi X (NPXS) or Waltonchain (WTC), among others.
According to the CoinMarketCap portal, the market capitalization fell below 280 billion dollars to settle around 278,000 million, with a bitcoin dominance of 48.1% . The amount shows a loss of market value of about $ 11 billion in the last 24 hours.
The price of bitcoin fell below $ 8,000 on Tuesday after making it briefly this Monday, July 30. Image: CoinMarketCap.
Already this July 30 bitcoin broke briefly the psychological barrier of $ 8,000, which attracted the attention of investors and the community of the ecosystem in general . One of the reasons that led to this fall Monday and echoed on Tuesday, according to Reuters, is that " investors reduced their exposure to cryptocurrencies" due to a massive sell off. actions in the field of technology and the Internet.
This sale in the technology market took place after Facebook, Twitter and Intel worried about the results in recent months, which opened the door to the release of shares. Indeed, Mark Zuckerberg's company has fallen by almost 20% in its value, about $ 120,000 million, the largest loss in history in 1 day for a listed company in stock exchange. [19659002] Other reasons that could indirectly affect the market for experiencing this contraction include the rejection of the ETF bitcoin, by the United States Securities and Exchange Commission (SEC), requested by the Tyler twins and Cameron Winklevoss. The decision could have an impact on investors who are less likely to approve this financial resource in the near term.
A Hypothesis to Understand the Highs and Lows During Last Weeks Is Bitcoin Lateralized to the Dollar in a Price Range of Up to 1 $ 000, a fact that occurred in the past when the value was $ 200, for example
Altcoins in red
The price index also showed that Ether (ETH), the second most important cryptocurrency for its capitalization volume fell by 3.87%, placing its value at about $ 433.48. The same trend shows the price of cryptoactive Ripple (XRP) with a fall of 1.87%, and that of other projects such as Bitcoin Cash (BCH) with a decrease of 3.04%, decreasing EOS from 4.32% or Stellar (XLM) down 3.84%
Since the end of June and throughout the month of July, the price of bitcoin has experienced fluctuations which l. had to be listed around $ 6,000 for about 5 weeks, and regain strength in the market in the last 7 days, which prompted him again to hit $ 8,450 on July 25th.
Featured image by interstid / stock.adobe.com [19659012]! function (f, b, e, v, n, t, s) {if (f.fbq) returns; n = f.fbq = function () {n.callMethod?
n.callMethod.apply (n, arguments): n.queue.push (arguments)}; if (! f._fbq) f._fbq = n;
n.push = n; n.loaded =! 0; n.version = 2.0 & # 39 ;; n.queue = []; t = b.createElement (e); t.async =! 0;
t.src = v; s = b.getElementsByTagName (e) [0]; s.parentNode.insertBefore (t, s)} (window,
document, "script", https: //connect.facebook.net/en_US/fbevents.js');
fbq (& # 39;, & # 39; 910829862350857 & nbsp; & nbsp;
em: [email protected] & # 39;
});
fbq ("track", "Pageview");
[ad_2]
Source link
