Market data as of 15:05pm, 31 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 popularity has broken through the 0.08% mark for the first time in the past 3 weeks to 0.0808%. Meanwhile, the number of Bitcoin exchanged has increased by 1.4% to 217,000 compared to the same period of last week and the growth of hashing power has increased by 2.2% compared to last month’s figure.
BCtrend analyst Jeffrey states that the overall market popularity is decreasing despite the rising Bitcoin popularity and that the competition among miners is becoming much more fierce. According to independent analyst Tommy Tang, Bitcoin price went back up to $6,800 and continues to fluctuate upwards. He believes that this is an indication that the majority of long positions have been taken.
Block Europe Partner: TokenInsight