Not much has changed in favor of digital currencies during the past 24 hours. All the small gains made yesterday were effectively transformed into net losses again. All digital currencies continue to follow the price of the Bitcoin in this regard, with BTC struggling to survive above $ 7,300
The depreciation of the Bitcoin coin has not yet ended!
It is clear that there are still a lot of negative pressures on all the digital currency markets today. This is closely related to how speculators and speculators continue to push the price of the downcoat down for some time. This is not necessarily a good thing in any way, but this state of trouble exists for some time. There seems to be no change in the price of the Bitcoin any time soon.
There was some short positive momentum last night. With the price of the Bitcoin above $ 7,500, most people assumed that the downward pressures were finally beginning to wane. As always, it was a short upward trend that faded very quickly. As such, the price of the Bitcoin has fallen below $ 7,400 again and is now struggling to maintain any momentum above $ 7,300.
With another net loss of 2.26% in the past 24 hours, it is clear that things are not very impressive right now. The price of the valuable Bitcoin has lost steadily every day this year, and staying above $ 7,000 seems to prove almost impossible. Whether things develop in that direction or not is something we have to wait to see in light of anything that might be possible in the digital world.
The turnover of the Bitcoin has also declined, though not quite uncommon during the weekend. More specifically, the volumes of all currencies are going down as of now. When the turnover of the Bitcoin decreases, alternative digital currencies have to move sooner or later, which is exactly what is happening now.
For the time being, it remains unclear what the future holds for the price of the bitcoin. Things do not seem impressive even remotely now, and the drop seems to be $ 7,000 and maybe less and it is inevitable. When this happens, there will be more panic-selling sales to push the price of the Bitcoin down. All this remains subject to change in the light of the fact that unpredictable markets will remain unpredictable.