Cryptocurrency plummeted? But BCH is rising?

The collapse of digital currency in 2018 is a normal thing. The overall digital currency market value of last year has increased by several times, but the acceptance of blockchain projects, including the number of users, has increased by dozens of times? No. The bubbles that are blown up by speculation and will naturally break. But it's also a good thing. As more projects sink into their hearts, it means more opportunities in the future. The current blockchain market valuation can not be supported by user adoption, so as speculators enter the market, the price can not be supported, and finally lead to price collapse.

Good news is according to citicoins statistics, in the past 24 hours, Bitcoin cash price rose, the BCH market cap rebounded to $9,614,135,418 US dollars, indicating that the mainstream currency rose, the market sentiment continued to recover. Although the mainstream currency led by BCH has broken through the medium-term shock zone, although it has already opened up the upside, the main driving force of the current rise is more speculative behavior, and the short-term need to pay attention to the risk of withdrawal.

Cryptocurrency today market - Bitcoin active address has decreased, transaction volume has exceeded PayPal

Quotes | Bitcoin active address has decreased for five consecutive weeks
The Huobi Weekly shows that the number of active Bitcoin addresses dropped from 3.33 million to 3.28 million this week, which has been reduced for five consecutive weeks: the number of new addresses and the previous week was 1.31 million; the number of reactivated addresses was 1.41 million, compared with last week, decreased by 30,000. This week, Bitcoin has 7 large transfers, totaling 93936 BTC, and the number of large transfers from 10,000 to 10,000 BTC dropped from 654 to 533 last week; this week, the number of active addresses in Ethereum increased by 1.4%. 13.19 million rose to 1.337 million. The number of EOS coin transactions this week was 40.56 million, down 23.61% from last week.

Dynamic | BTC annual transaction volume has exceeded PayPal and is expected to surpass Visa in 2022
According to the Bitcoin Exchange Guide, a recent report by Citicoins shows that BTC's annual transaction volume has exceeded PayPal. If the value of BTC transactions continues the current trend, it is likely to surpass Visa in 2022. It is reported that the report was proposed by AKS Invest's cryptoassets analyst Yassine Elmandjra. Yassine Elmandjra compares BTC's annual trading volume with different credit card companies such as Visa, UnionPay, MasterCard, Discover and PayPal.

Price | cryptocurrency price today show
Bitcoin price : $6,723.92
EOS coin price: $5.16
Ethereum price: $278.90

Cryptocurrency market analysis - The total market value of the cryptocurrency market cap has shrunk

According to Citicoins statistics, since 2018, bitcoin prices have fallen from nearly $20,000 to the current price of $6,700, and the market value has evaporated by $200 billion. In addition to Bitcoin, the main cryptocurrency of Ethereum and Litecoin has also suffered heavy losses. The total market value of the global cryptocurrency market has evaporated by $600 billion this year.

The highest price of Bitcoin has dropped from nearly 20,000 US dollars to the current 6,000 US dollars, of which Ethereum and Litecoin are even worse. The Litecoin price has fallen from the highest price of 1,248 US dollars to 138.08 US dollars, shrinking 89%. That is to say, $10 billion is entering the market, but there are now has about $1.1 billion exit.

Market cap data now:
Bitcoin market cap : $116,192,137,183 USD
Ethereum market cap: $28,568,672,472 USD 
Litecoin market cap : $3,354,158,344 USD

Ethereum (ETH) hits a new low in 2018

One week review of cryptocurrency market:
The total market value of cryptocurrency was US$212.3 billion, down 1.1% from the previous week, and the volume of the top 100 currencies increased by 1.7% on the 7th.

Weekly outlook:
August 20th: Ethereum Classic (etc coin ) on Bittrex
August 21: The US Senate's Energy and Nature Committee announces the "blockchain and related technology energy efficiency" meeting.

Analysis this week:
Ethereum exchange to btc fell to a new low of 0.042 bitcoin (BTC) in 2018 this week.

The drop in the price of ETH has a lot to do with the cash withdrawal of the ICO project side. As shown in this week's ethereum price chart, the price of ETH has fluctuated higher than BTC in the last two weeks. Moreover, affected by the bear market, ICO project parties have used ETH exchange to BTC or French currency for stop loss. We believe that the decline in ETH prices is related to the development of ICO project. In the second quarter of 2018, as many as 57% of ICO projects remained in the concept at the beginning of the financing period. Compared with the projects in the testing phase or the formal development phase, the project parties that remain in the concept phase have less development resources and lower exit costs.

Compare to Ethereum history price, how is Ethereum today

According to ethereum price history data, Ethereum reached a peak of about $1,343 at the beginning of January 2018, and its price was $280 as of August 21, a drop of nearly 80%.

The market value of ETH is also falling sharply. The current market of Ethereum value is about 28.8 billion US dollars, which is nearly 78% lower than the historical high of about 133.58 billion in January this year, and currently, 13.6% of the total market cap is eth.

Cryptocurrency today price | BTC vs EOS, bitcoin price is rocket rising

Today, BTC broke through the price at $6630, with the highest price of 6882. The current market is still violently oscillating. BTC price now is $6,706.53, up 5.46%. The mainstream currency also rising price today.

This morning, the price of BTC rose, which was a good one, but it became the top of the capital outflow today with 1.014 billion. Is the BTC that is undergoing a change to be short, or is it starting to stock up?

Not only bitcoin price rises today, EOS also attract attention. EOS coin price today is about $5.31, rising 10.43%, has a great rise since August. EOS's total market capitalization reached $4.64 Billion, accounting for 2.12% of the total cryptocurrency market value. The EOS market value was previously at $17.53B when it reached its high level.

Cryptocurrency today | Bitcoin price drop $150 in the morning, btc prediction is optimistic

Bitcoin price usd fell more than 150 US dollars in less than half an hour in the morning, and the Bitcoin exchange rate to USD was still around $5,530 at around 5:50, and fell below $6,270 in short-term at 6:15. Recently, Bitcoin price below $6,300, it fell about 3.5% in 24 hours. At the same time when Bitcoin fell, eth to usd exchange fell more sharply exchange to USDT , from about $285 to $270, a drop of more than 5%. Ripple has fallen more than 4% to USDT for more than half an hour.

BTC market sentiment
The panic has converged, but the overall situation is in a high degree of panic and it takes time to repair.

BTC market outlook
The $6,800 is an important resistance level. Once the breakthrough is made, the market will enter more funds. The target of the rebound will be around $11,000-12,000.

Before investing in cryptocurrency, you need to understand such tools

As the cryptocurrency industry continues to grow and expand, more and more people are interested in investing in cryptocurrency. Investment transactions in cryptocurrencies ultimately depend on the future performance of this technology. Compared with traditional trading stocks, although the profits are considerable, the cryptocurrency market is more unstable and the potential risks are increased. Therefore, since the birth of cryptocurrency, more and more cryptographic trading tools have emerged to help traders make profits.

What is an encrypted trading tool? Regardless of investment or trading, it is inevitable to combine various tools. For example, the need for a currency trading platform when purchasing cryptocurrencies, a wallet for storing money, a tool for tracking digital assets like checking 1 ethereum to usd chart, and a decision-making tool for buying and selling, are all in the category of cryptographic trading tools. These trading tools play a pivotal role in the trading process, as Peter Borovykh, Blockchain Solution Architect, said: "Strategy is everything in the cryptocurrency, part of the strategy is the tool in your arsenal."