BTCUSD - BTC trend, trading strategy 7/20
Bitcoin price on CoinDesk at $30,933, down 2.4% making each coin lose $765. In the last 24 hours, Bitcoin trading recorded the lowest at 30,426 USD and the highest at 31,900 USD.
According to CoinMarketCap, the amount of Bitcoin traded in the past 24 hours continues to be low at about $ 20.5 billion, the market capitalization is pulled back to the area of $ 580.3 billion, down $ 13 billion.
The virtual currency market this morning was deeply in the red with most major virtual currencies plummeting. Where Ethereum is down 4.11%, Binance Coin is down 7.2%, Cardano is down 5%, Ripple is down 4.5%, Dogecoin is down 4.7%, Polkadot is down 9.7%, Bitcoin Cash is down 5%, Litecoin 5% off, Chailink 6.4% off...
Bitcoin price has been continuously falling recently after tough announcements from China, the US and many countries around the world about the currency market. Since the beginning of the year, China has repeatedly warned about risks and reiterated its ban on financial institutions and payment companies from providing any services related to cryptocurrencies. Meanwhile, the US government also announced that it may tighten cryptocurrency trading to avoid tax evasion from this activity.
The US Federal Reserve in May also said it would soon release a report on the digital currency sector of central banks.
Bitcoin price could still continue to fall. Many market and technical analysts predict this amount could drop below $30,000, even around $20,000 for the region.
According to CoinMarketCap, the amount of Bitcoin traded in the past 24 hours continues to be low at about $ 20.5 billion, the market capitalization is pulled back to the area of $ 580.3 billion, down $ 13 billion.
The virtual currency market this morning was deeply in the red with most major virtual currencies plummeting. Where Ethereum is down 4.11%, Binance Coin is down 7.2%, Cardano is down 5%, Ripple is down 4.5%, Dogecoin is down 4.7%, Polkadot is down 9.7%, Bitcoin Cash is down 5%, Litecoin 5% off, Chailink 6.4% off...
Bitcoin price has been continuously falling recently after tough announcements from China, the US and many countries around the world about the currency market. Since the beginning of the year, China has repeatedly warned about risks and reiterated its ban on financial institutions and payment companies from providing any services related to cryptocurrencies. Meanwhile, the US government also announced that it may tighten cryptocurrency trading to avoid tax evasion from this activity.
The US Federal Reserve in May also said it would soon release a report on the digital currency sector of central banks.
Bitcoin price could still continue to fall. Many market and technical analysts predict this amount could drop below $30,000, even around $20,000 for the region.
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