Analytics / Forex and Crypto News
It seems that the six-day Bitcoin rally has ended. Yesterday, Bitcoin fell below $8,000, and today it reached $7,895. But everything is exactly above the level of the beginning of the year. When the price of Bitcoin reached $8,450 on January 8, some traders predicted growth above the $8,500 mark, but as you can see, there was a rollback.
Nevertheless, some analysts advise buying right now, since the bullish potential has not yet been exhausted and soon the rise in the price of Bitcoin will resume.
Many believe that the rollback of Bitcoin was the result of a general market correction that came after the stabilization of the situation in the Middle East. The US does not plan a military operation against Iran and will confine itself to the introduction of additional sanctions.
Investors reacted to the speech of U.S. President Donald Trump with a partial exit not only from the cryptosphere but also from the precious metals market - gold over the past day fell in price to $1,558 per troy ounce after a spurt to $1,593 in the middle of this week.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov