Well, until today few hours ago, market was doing fine. Bitcoin was in uptrend and slowly moving upwards but all of a sudden it fell off. Bitcoin fell from $10900 to $9800, almost $1100 downside move in few hours. Yesterday as well Bitcoin fell by $1500. So, we're back again in 4 digit Bitcoin price and under $10000. Currently Bitcoin is trading at $9850 and seems quite bearish.
Coinmarket cap has come back to $427 Billion which was around $510 Billion 2 days back. As I have said in my previous articles, Bitcoin will remain in downtrend and market will remain crumbling until Bitcoin breaks the $12000 resistance level. Until then, there will be uncertainty in the crypto market.
Bitcoin has a strong support at $9500 and it should revert back from this level, otherwise it will fall to the next support level $8500.
Now, let's have a look at some Alt coins whose updates are due on 23rd February and there are significant chances to see a price rise in these Alt coins.
The Hemp Coin (THC) : Update: “After countless hours, the #Hempcoin team is happy to announce the hard fork will OFFICIALLY take place on February 23” PROOF
Bitcoin (BTC) : Last trade date / contract expiration of: 2018 FEBRUARY BTC Futures contract / @CME exchange/marketplace / Trading terminates 4:00 p.m. GMT PROOF
Smart Cash (SMART) : SmartCash sponsored Anarchaforko convention in Acapulco 23-25th of february 2018. SmartCash will present the SmartCard debit card. PROOF
Omise Go (OMG) : Koinex, a largest crypto exchange in Bharat (India), will list two global crypto-assets on its exchange. PROOF
Request Network (REQ) : Koinex, a largest crypto exchange in Bharat (India), will list two global crypto-assets on its exchange. PROOF
Particl (PART) : Particl Meetup in Zürich 23rd - 24th Feb. PROOF
LIFE : We value our community’s feedback to help grow LIFE and are happy to announce a live Q & A session on 23rd February PROOF
Adcoin (ACC) : AdCoin will be speaking at Cryptocurrency Meet-up in Leeuwarden, Holland PROOF
Etherparty (FUEL) : We are excited to announce the launch of a new contest series called FUEL FRIDAY, with the first contest kicking off next week, Feb. 23, 201 PROOF
Medical Chain (MTN) : Medicalchain’s CEO, Dr Abdullah Albeyatti will be presenting at this event. PROOF
Pylon Network (PYLNT) : UK MeetUp confirmed: Pylon Network goes to Oxford! PROOF
Swiss Borg (CHSB) : Q&A live on Facebook and Youtube. Detailed roadmap presentation. PROOF
Note: Cryptocurrencies are highly volatile, so please take care of your investments and always use stop loss orders to limit your loss.
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