By Thursday, September 26, the flagship cryptocurrency stopped declining sharply and is looking for a foothold around $ 8399.

On the weekly chart of bitcoin, we see the completion of the correction movement in the "Triangle" format, since a strong impulse to decline has broken through the previous support, and the current dynamics format takes the form of a classic downward channel. Quotes reached Fibonacci 50% and may continue to decline, says Dmitry Gurkovsky, lead analyst at RoboForex. A break of the resistance level at $ 9850 may signal the end of the correctional phase and the start of a new growth wave to the peak - $ 13 857.2. And after updating the maximum quotes may rise to around $ 15,550.
Additionally, it is ... Read more »

Views: 230 | Added by: boss | Date: 26.09.2019 | Comments (0)

The Bitcoin hash has dropped sharply by 30% - from 98 EH / s to 67 EH / s, according to the information of the Blockchain.com and Coin.dance portals. The amount of computing power is often experiencing sharp fluctuations, but the last decline was the largest in a long time.

According to Coindesk, the Chinese government has begun the liquidation of illegal bitcoin mining enterprises in the Inner Mongolia Autonomous Region. These actions are only part of the plan proposed by the Chinese government in April to completely eradicate digital currency production in the country.

Thus, the restrictive actions of the Chinese authorities have caused a decrease in hashrate, i.e. the total volume of cryptocurrenc ... Read more »

Views: 232 | Added by: boss | Date: 26.09.2019 | Comments (0)

Despite forecasts of a possible appreciation, the most liquid cryptocurrencies on Wednesday, September 25, sharply decline in price.

So, according to CoinDesk at 12:56 the first cryptocurrency was trading at $ 8,360. During the day, bitcoin lost 14.25% in value, falling by more than a thousand dollars.

Experts attribute the collapse of the hashtrate to the disconnection of mining farms in Kyrgyzstan and Kazakhstan.

“In addition, there are versions that such dramatic events unfolded due to the fact that investors did not see a massive increase in bitcoin after the launch of Bakkt and, realizing that the price was too high, they began to get rid of the asset. The reasons will be analyzed, but most likely in the game ther ... Read more »

Views: 266 | Added by: boss | Date: 26.09.2019 | Comments (0)