The crypto-currency market continues to decline: Tightening of regulatory measures increased pressure

In the course of trading on Friday, the main crypto currencies continue to lose their positions, while in the last 24 hours the capitalization of the market has fallen by about $ 60 billion, to $ 355.49 billion. Japan’s news about the imposed penalties for seven crypto-bills exert the main pressure, two of them suspended their work for a month. Also on Thursday, the Securities and Exchange Commission of the United States (SEC) demanded the registration of exchanges that support the sale of digital assets.

Technical Analysis: Today Bitcoin’s price has decreased by almost $ 1 thousand, reaching $ 8,252.20, thereby confirming my yesterday’s forecast for development of the figure on the daily chart. More: “The crypto-currency maket is decreasing, bitcoin fell below $ 10,000.00“. It is worth noting that the development of the figure can continue, against which the decrease of Bitcoin’s rate to $ 7 600.00 is expected.

Alexander Sivtsov