Market data as of 10:41am, 7 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 growth rates have decreased to its zero point yesterday, and then rebounded to 0.0377%. The number of coins exchanged in the past 24 hours has rebounded to 201,000 from yesterday’s figure of 170,000. Bitcoin hashing difficulties have decreased to 46.03EH/s, by approximately 1.7%. BC trend analyst states that the popularity of BTC has bottommed out during this period and remains to see what happens. After staying on the average line for 7 days, a slight rebound can be expected.
According to independent analyst Tommy Tang, short-selling is a warning seen from the current market trend and Bitcoin’s price is expected to rebound significantly from its current $6,800 mark.
Block Asia Partner: TokenInsight https://tokeninsight.com/