Analytics / Forex and Crypto News
After a small growth at the beginning of the week, Bitcoin began to descend again. Now Bitcoin is trying to maintain positions above $7000.
On the Bitstamp platform, the BTC rate dropped to $7205. The market capitalization of the first cryptocurrency fell to $131.573 billion.
The price chart of Bitcoin shows that it rose to $7692 on December 23. On Monday, some traders even announced the growth of the BTC price up to $8000, while the so-called Bitcoin optimists announced the "Christmas rally", which will result in overcoming the $9000 mark.
However, on Tuesday, the rollback resumed, and Bitcoin lost most of its previously won positions in about a day. Bitcoin needs the support of investors to hold above $7000.
If BTC does not receive such support in the coming hours, then most likely we will see descending below this psychological mark of $7000.
Although most observers agree that BTC will hold above $7000, and in case of overcoming resistance at $7300 it will be able to rise again.
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