The price of bitcoin fell this morning more than $ 1,300.
According to CoinMarketCap, today, all the top 20 cryptocurrencies show a negative trend. Ethereum fell by 17%, Ripple – 24%, and Bitcoin is Cash – 17 per cent in the last 24 hours.
In recent days, the price of bitcoin hovered around 14,000 US dollars, and the news from South Korea about a possible ban on activities of cryptocurrency exchanges gradually pushed the rate down. After prvitelstvo South Korea clarified its position and it became clear that there is no ban in the near future will be, many analysts said that according to the technical analysis course have to go back to the area of 15.000 USD. However, this did not happen.
Today the trading session started at the level in 13.585 $ and peaked at around 13.601 $ before drop suddenly about 7 o’clock in the morning (UTC), at 13.210 $ this 11.850 USD 08:30 am (UTC). This fall by $ 1.360 1.5 hours.
Thus, the price of bitcoin reached a month low. On 5 December the price was about the same level, however, then the cryptocurrency was growing fast due to the expectations of the traders launch bitcoin futures on CME Group and the CBOE soon reached record prices at the level of 20.000.
At the time of publication of this article the price of bitcoin recovered slightly and is now the number one cryptocurrency is trading around 12.000, in recent days the price has fallen by almost 13%.
The total market capitalization of all cryptocurrencies is 584,9 billion US dollars, however, 7 January was recorded the maximum value of this indicator at the level of 832 billion dollars.