Market data as of 11:28 am, 21 August 2018
Disclaimer: The views and claims expressed here are not meant as an alternative form of investment advice. Every investment move involves risk, and you should consult professional financial advisors for guidance or conduct your own research before making a decision.
According to TokenInsight analysis, Bitcoin’s popularity has bottomed out again, arriving at 0.0243%, compared to yesterday’s figure of 0.0307% and 0.022% last week. The number of BTC exchanged has stayed below the active line 200,000 for two consecutive days. The number of active addresses has decreased by 0.5% to 486,000. BCtrend analyst states that Bitcoin miner costs have decreased and there is much less capital now coming into the market. Current market sentiment makes BTC price difficult to bring back up and the price is expected to bottom out once again.
According to independent analyst Tommy Tang, BTC’s upwards trend was broken and trading volume has decreased to $6,300 below the average moving line per hour.
Block Asia Partner: TokenInsight