Tuesday, 24 July 2018
It is not to late to buy bitcoin again
Labels:
Crypto
On Tuesday, July 24, the price of bitcoin is located above the round mark of 8,000 dollars, trading through the $ 8200 zone, levels that the market had not seen since May 2018, more than two months.
The price of the first and most important crypto currency in the world increased by more than 400 US dollars in the first half of Thursday trading session to reach a maximum of 8,200 US dollars (bitfinex).
Thus, today the market has overcome an important level of resistance $ 7700- $ 7800, and the level of support is now located in the $ 8000 zone. Positive sign for the market is the growth of daily trading volumes – according to Bitfinex exchange data, BTC / USD volume exceeding $ 350 million for a 24-hour period. In addition to the growing volumes, there is a whole list of positive drivers, which makes it possible to say that the growth of the crypto currency market and, above all, the bitcoin market will continue.
Let's start with the fact that on June 19, the number of Lighting channels for bitcoins for the first time exceeded 10 thousand. The technology allows to make transactions through payment channels over the blockchain network and is considered to be a solution to the problem of scalability of the first crypto currency. Over the past month, the number of such channels has increased by 63%.
Facebook, which previously banned the advertising of crypto currency, placed a new ads of Coinbase crypto exchange. The crypto community has welcomed this news very positively. Further, Chicago Mercantile Exchange CME reported that the average daily trading volume of bitcoin futures in the second quarter of 2018 increased by 93%. Finally, the government of South Korea created an agency to monitor the crypto-currency market and thus South Korea become the first country who seek to integrate bitcoin in its financial and juridical systems.
https://www.fortfs.com
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