Bitcoin falls followed by altcoins

By | December 22, 2017

Bitcoin falls followed by altcoins

The cryptocurrency market continues to fever. The rate of the first cryptocurrency fell to $12,000, while some altcoins fight to grow.

The average rate of bitcoin fell to $12,217. Bulls continue to put pressure on the main cryptocurrency. Within the last five days, bitcoin has lost almost a third of its price.

In the near future, the bitcoin rate may fall even more. According to the founder of Pantera Capital, Dan Morehead, the price of bitcoin could fall by 50% next week. At the same time, according to Morehead, in the long term, the bitcoin rate will continue to grow.

Bitcoin, ether, and Ripple are still very young players in the financial market, and their prices will show growth and falls, added Morehead, who first invested in bitcoin when it was worth $72.

The dominance index of bitcoin declined to 43.5%. This is the lowest level for bitcoin since July 2017. Investors in a hurry transfer their assets to fiat currencies or their digital analogues, such as Tether and its token USDT.

Litecoin fell to $195, Ethereum returned to $533, Ripple lost all the gains of the previous session and is traded at $0,76.

Published at Fri, 22 Dec 2017 08:25:23 +0000