UNITED STATES (OBSERVATORY NEWS) — On Wednesday, Bitcoin continued to decline, breaking below $ 9,000 – a key level that analysts are observing as a potential support line. The market capitalization of bitcoin amounted to $ 159.72 billion. At the time of publication, bitcoin was quoted at $ 8757.32 per coin.
The first cryptocurrency falls on the third day, losses amounted to almost 9% per week. According to analysts, the rally may not resume in the near future. At the same time, the head of Herjavec Group Robert Herjavec believes that the Bitcoin exchange rate in the future will be able to rise to $ 100,000.
On Wednesday, a wave of sales covered other cryptocurrencies, including Bitcoin Cash, Dash, EOS and Ether, each of which fell by more than 10%. The Bloomberg Galaxy Crypto Index has lost nearly 10%, the biggest drop since September.
Without exception, all cryptocurrencies from the first five fall. The cryptocurrency market at the time of writing is in a downtrend. The total capitalization of the cryptocurrency market at the moment has reached $ 253.10 billion, according to Coinmarketcap. Bitcoin dominance index is 63.05%.
Ethereum (ether) per day fell by 11.11%. Market capitalization amounted to $ 24.51 billion. The cost of one ETH token is $ 223.11. Regarding the cryptocurrency Ripple, bearish moods also prevail. The daily decrease was 10.18%. Market capitalization was $ 10.09 billion.
At the time of publication, Ripple was quoted at $ 0.23 per coin. The cost of cryptocurrency Bitcoin Cash for 24 hours fell by 12.07%. Market capitalization was $ 5.68 billion. The cost of one BCH token is $ 310.38.
Arguments that the best-known digital token serves as a refuge during market shocks subsided this week as bitcoin fell amid intense interest in stock market sales. The negative sentiment was added by the comments of the famous investor Warren Buffett, who said this week that cryptocurrencies “basically have no value.”
A negative statement about digital assets by a well-known businessman was commented by Anthony Pompliano, co-founder of Morgan Creek Digital.
According to him, Warren Buffett’s opinion is not thorough, since the billionaire, as he believes, simply did not understand the technology of cryptocurrencies and their potential.
Morgan Creek co-founder noted in an interview that in the future, bitcoin could become a reserve currency and win the “competition” with central banks.
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