Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Paha87 on September 15, 2018, 06:46:52 AM
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One of the best known in the cryptocurrency industry investors and bitcoin Evangelist Mike Novogratz said that the market has finally passed the "bottom" and further ways down from him anymore.
About the founder and head of kleptomanka Galaxy Digital wrote on Twitter, accompanied by a message schedule Crypto Galaxy Bloomberg Index (BGCI).
(https://pbs.twimg.com/media/Dm_YPCzXgAAEE9U.jpg:large)
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The above chart, he said, shows that the market reached the point at which it was in the middle of November last year just before the beginning of an impressive bullish rally and the growth of the bitcoin price to $20,000.
Galaxy Crypto Bloomberg Index shows the performance of the most liquid crypto currencies relative to the U.S. dollar.
Last Wednesday, the total capitalization of cryptocurrencies fell to the lowest point this year, after which Bloomberg columnist Michael Patterson said that the fall of the crypto market in 2018 was worse than the collapse of the dot-com bubble in 2000. This comparison was made on the basis of the data of the composite index Nasdaq, according to which the fall of the dot-com market in 2000 from peak to lowest rates was 78%. At the same time, the fall of cryptocurrencies since the beginning of 2018 amounted to 80% on Wednesday.
However, the next day the market showed a noticeable recovery – the total capitalization rose above $200 billion, and the most noticeable growth at the same time showed The second capitalization of the Ethereum cryptocurrency, which rose in price by more than 18% and returned to the levels above $200.
Bitcoin in the last day grew by 2.1% and at the time of publication (05:00 UTC) is trading around $6550.
We will remind, CoinDesk analyst Sebastian Sinclair on the eve expressed the view that for the beginning phase of sustained growth the price of bitcoin need to reach $8500.
Link to information resource - https://forklog.com/izvestnyj-bitkoin-investor-obyavil-chto-dno-projdeno/