In less than a week, the capitalization of all cryptocurrencies decreased by almost $200 billion, and the price of the main cryptocurrency, bitcoin, fell by a third — from $9,000 to $6,000. Those who called cryptocurrencies a "soap bubble" may be right: the market continues to contract strictly. On the morning of 5 February, the bitcoin exchange rate was still higher than $8000, by the evening it dipped to $6600. February 6 at 10: 00 Moscow time, according to the resource Coinmarketcap, its price fell to $6094.
Why bitcoin falls today 2018
The long-term decline in the cost of the world's most popular cryptocurrency bitcoin may stop at the mark of 5-5,5 thousand dollars, according to the economist Maxim blunt.
Bitcoin on Tuesday in the moment fell below 6 thousand dollars and loses about a day about a quarter of its value, having fallen in price already more than three times in comparison with the December maximum.
"I was waiting for bitcoin in the area of 7-7,5 thousand dollars. He waited, but the market moved lower. The next support-5-5, 5 thousand dollars " - said blunt RIA Novosti.
Why is the bitcoin exchange rate drops
Although experts believe that the depreciation is a temporary phenomenon, it is undeniable that the background information in kryptomere far from favorable. The fall takes place against the backdrop of three bad news:
the tightening position of the SEC (the Commission on securities of the USA), which banned the registration of new exchange-traded funds related to cryptocurrency;
theft of $ 500 million in NEM tokens from Japan's largest exchange Coincheck;
pressure of national economic regulators of India on one of the most actively developing local markets. Eccentric "bitcoin optimist" John McAfee believes that the current collapse associated with the policy of Indian banks.
Cryptocurrencies are again experiencing a temporary crisis. What to say about the collapse early, demonstrate numerous online voting-people continue to believe in bitcoin and"company". Thus, one of the bitcoin analysts Alistair Milne in his Twitter asked whether the price of bitcoin will be higher or lower than this at the end of February. The majority of voters expressed support for"digital gold".