With the brutal drop in Bitcoins’ price to $6000, here are some market updates for you. This week's decreases shows there is a chance to meet the consequence from claiming a few variables: market volatility, market cycles, regulation that may be tightening around those crypto field- also a pack for negative press in the networking. In spite of this week we encountered especially sharp declines with the buying and trading business online. It’s critical to keep in mind that that crypto market will be referred as volatile ones.
What's more that we have encountered comparable to the decreases in the previous chart will conclude for 2013 drop. In addition, that business arrived at enormous sum for exchanging volume preceding the decreases off. We could accept that the sharp decreases and the negative networking buzz have driven out new moguls that purchased as of late.
The entire cryptomarket was affected by the sharp correction in Bitcoin. However, this time we have we have added a new one to the list – Alphard Coin. This recently launched coin in rapidly pacing to get you up on the historical platform, that you might have desired to reach through Bitcoin. With $2.48 per Alphard Coin, you get the most secured and affordable way to invest in buying and trading for your future. Our Blockchain enables all other coins to be integrated with its uniquely designed secured functionalities.
The average daily trading volume for the past week was $40 billion, and the Bitcoin dominance is at 35%. As of this stage, the trend is still facing downward, and there is no way of knowing if the correction is over.
The Cyrptomarket veterans recall the drop from $32 to $2 and the drop at the end 2013 from peak close to $1200 to low of $ 180. The question now is – Sell or save the left over?
Well, every investor has his own goal. If you can’t imagine a situation where your crypto value will be cut by half or more (from today’s values), do not risk any amount you can not afford to completely loose. Second tip - from experience, we don’t recommend trading under pressure. We recommend to always set goals and target levels, and prepare a plan of action for all possible scenarios.
Additionally, MasterCard and Visa credit card companies added restrictions on purchasing crypto currencies using their credit cards. The companies added a 5% commission when purchasing crypto, which is added to the commission collected by the crypto-exchange in addition to purchase of cryptocurrencies.
BITCOIN AND ETHERIUM
The market was in a chaotic condition when the price already touched a low of $5920. No resistance and its also predicted we will see more of blood with is drop. Against Bitcoin Ether is trading around 0.1 BTC with a resistance of 0.11 in the short term.
Litecoin being very volatile last week was around $ 110 and resistance level at $ 160, but last week the Litecoin graph has been very interesting, despite the hard times crypto coins suffered.
These are few surveys we conduct every day since, with the pitching of Alphard Coin, we ensure to bring back the safe secured investment that you had desired with Bitcoin. It is not just limited to Alphard Coin, you can register your own coins if you want to get into this buying and trading business online. With our own blockchain you get the fastest and convenient mode of transaction to buy and sell your coins.