The crypto-currency market remains under pressure. Bitcoin once again dropped below

Most major crypto-currencies decline in the course of trading Tuesday. Today, the market capitalization has dropped to $ 381.2 billion, the market capitalization was about $ 397.2 billion a day before. The main pressure on the market continues to be caused by concerns over tightening of market regulation. Recently, the Managing Director of the People’s Bank of China, Zhou Xiaochuan, said that the regulator negatively relates to crypto-currencies, the value of which sharply increases due to speculation. He also noted that the emergence of digital currencies is inevitable, but to date they are created with the aim of quick earning, not improving payment systems.

Technical analysis: On the daily chart, Bitcoin’s price failed to keep its positions above $ 9,200.00, which is a signal of a possible further decrease in the price of the instrument to $ 8,200.00, $ 7,300.00.

BTC / USD Graph. Current price $ 8,892.790.

Alexander Sivtsov