Cryptocurrency

11/07/19 08:27 UTC±0

Bitcoin rate plummeted to $ 11,500

Bitcoin price plummeted to 11,500 US dollars
Bitcoin price plummeted to 11,500 US dollars

Today, July 11th, the cost of the first cryptocurrency has fallen sharply over 15%. The Bitcoin rate entered the zone of correction after overcoming the resistance line of $ 13,000, after which the price fell by one and a half thousand dollars.

 

Bitcoin: course collapse

According to statistics, the cost of the first cryptocurrency entered the correction zone. Now, the Bitcoin rate fixed at around 11,500 US dollars, with a decrease in the level of capitalization to 205 billion. At the same time, the price spread of the total value is equal to $ 25 billion, which speaks of the enormous 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
of digital gold.

The average daily tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
volume of Bitcoin also dropped by four points, indicating a slight decrease in the activity of traders and smaller transactions. So, yesterday the volume of Bitcoin was 32, 6 billion dollars, and today it has dropped to 36,2 billion dollars.

Interesting in the section: Buy your next car using Bitcoins

The cost of Bitcoin plummeted to $ 11,500. Recall that yesterday the first cryptocurrency also soared sharply above $ 13,000, followed by a collapse in prices.

Editor: Jerg Wos

See also: "The United States and Thailand have become leaders in booking hotels for cryptocurrency"

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