The bitcoin exchange rate is stuck near the important level: what’s next in the cryptocurrency market

Курс биткоина застрял возле важного уровня: куда дальше пойдет рынок криптовалют

The bitcoin exchange rate on 17 April 2019 Wednesday, hovering around the level of 5 thousand dollars, the stock market dipped again

The cryptocurrency market capitalization decreased at the day 3 and a half billion and is 172,708 billion. Capitalization of bitcoin has fallen to the level 89,998 billion.

On Tuesday 16 April, as of 19:00, the exchange rate of bitcoin to the dollar is 5081 dollars. Bitcoin fell to $ 90 per day.

Курс биткоина застрял возле важного уровня: куда дальше пойдет рынок криптовалют

The bitcoin exchange rate on 17 APR 2019

As reported, Facebook is preparing to launch its own cryptocurrency. According to the journalist from the New York Times Nathaniel Popper, the social network is now looking for venture company for investment funds to your cryptocurrency project Facebook Coin. Facebook wants to use venture capital for the project stablon and is going to attract about 1 billion dollars of foreign investment to confirm adherence to the ideals of decentralization, the underlying cryptocurrency industry. “Given that one of the main advantages of the blockchain is decentralization, attraction of foreign investors can help Facebook to submit a project as more decentralized and less controlled by Facebook,” writes in a tweet Popper.

Курс биткоина застрял возле важного уровня: куда дальше пойдет рынок криптовалют

The bitcoin exchange rate on 17 APR 2019

Earlier, we wrote about the fact that bitcoin will be the main financial instrument in the next 10 years , as digital assets are rapidly gaining popularity. The principles of operation of cryptocurrency reduces the time of transactions and the cost of money transfers, represent a significant threat to PayPal. However, one of the members of the Board of the largest traditional payment platform PayPal, the founder and CEO of cryptocurrency vault Xapo Wences Casares believes that “irresponsible” not to have in an investment portfolio of at least 1% of the funds denominated in bitcoin. Casares assumes that the value of BTC in the near future will increase 250 times.

A well-known businessman Casares has repeatedly spoken out in favor of bitcoin and encouraged to invest in the main cryptocurrency. Among the proofs of the attraction of bitcoin Casares leads primarily to the ever-increasing popularity and growing the volume of new investment in bitcoin. He also drew attention to such important payment systems indicator as the constant growth of transaction volume does not stop even in a bear market.

Recall, bitcoin will drop in price by 25%: “absolute grief”.

As reported Politeka, the cryptocurrency market have predicted a total collapse: “almost nobody will survive.”

Also Politeka wrote that bitcoin has provided a blow to the dollar: “only one will survive”.