The cryptomarket is heading towards the longest bearish sentiment in its entire history.
BTC dropped under 3,500 USD level, accounting for 5 billion USD wipeout from the cryptomaret, with ETH also recording a 6% decline.
Over the past two days, the cryptomarket’s trading volume has declined from 15 billion to 12 billion USD, with BTC dropping under 3,600 USD level.
In the mid-December 2018, BTC value decline to a new yearly low at 3,122 USD subsequent to a 14-days sell-off action.
Over the last 4 hours, 9 billion USD were erased from the digital currency market as ETH and BCH registered 14% decline versus USD.
Can approval of the Japanese ETF influence the decision of the US Securities and Exchange Commission?
On Jan 7, it has been reported that the Japanese FSA is contemplating the approval of the first ever Japanese BTC exchange-traded fund.
In the course of the past day, ETH registered a 6% drop versus the USD, bringing instability to the cryptomarket.
Lately, BTC transaction charges have reached a low they had not witnessed for the past three years, currently accounting for 0.029 USD.
BTC might be in its last stage of the bearish market, but some analysts don’t think so – there’s more bearish bias to come before recovery takes place.
Over the past 7 days, ETH has recorded confident gains, once again securing its second place in among the most dominant digital assets.
BTC price made its consolidation yesterday, as 4,000 USD resistance level kept on blocking the surge from its attempt to break out.
Yesterday, the BTC value displayed small growth, as it retained the profits acquired in the process of the Wednesday’s session.
Ex-Wall Street financier claims that cryptocurrency has a good possibility of making the best performance next year
Travis Kling stated that digital currency has all the potential of making it to become the best performing asset of the upcoming year.
This month, cryptotraders’ financing of the cryptomarket has been relatively better than that on the Wall Street, case in point being BTC and S&P 500.