Over the weekend, Bitcoin fell by nearly $3,000 in minutes, recalling the cryptocurrency volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details even though this month it soared to its highest level since last year.
Cryptocurrency price reduction
On June 28-29, the price of Bitcoin dropped to $10,300 from the maximum that was recorded on June 27 at $12,500, – as reported by our website.
At the time of this writing, the price of BTC was $10,900. However, despite a slight fall, the cryptocurrency rose by 38 percent from $8,546, recorded on June 1st. Other digital currencies, including Ethereum and Litecoin, are also tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details down.
Interesting in the section: Buy Bitcoin in 2010: how much did those who invested in BTC earn a few years ago?
Some explain the decline in cryptocurrency by the short-term closure of Coinbase, the platform in San Francisco, which is one of the most popular cryptocurrency exchanges. Other experts have attributed the recession to one of Facebook’s most significant transitions to the world of crypto and the launch of its own currency called Libra.
But still, analysts say that despite some losses, BTC expects significant growth: "Bitcoin has been fighting for legitimacy among traders since the last fall in late 2017, when the price of Bitcoin fell by about 80 percent from its peak of more than 19,000 dollars. The cryptocurrency has already shown us what it can do, so why not repeat those figures again, reaching 20,000?"
Over the weekend, Bitcoin incurs losses. Recall that since the entry of the cryptocurrency market into the green zone, an active surge of growth has been seen among many cryptocurrencies. Our editorial board has prepared a list of five crypto-assets that have risen substantially in price lately, according to our website statistics.
Editor: Yuliya Soroka