Market data as of 11:20am, 11 July 2018.
Disclaimer: The views and claims expressed here are not meant as an alternative form of investment advice. Every investment move involves risk, and you should consult professional financial advisors for guidance or conduct your own research before making a decision.
According to TokenInsight data, Bitcoin community growth rates increased from last week’s average of 0.1% to 0.38%. The number of active addresses increased by 31%, compared to yesterday’s numbers. BTC’s mining profitability per Thash remained at its lowest position for the second time in nearly 90 days. BC trend analyst states that the both popularity and price of BTC have bottomed out twice in recent months, and potential future profits to come do not seem greater than the current risk; at least until market trade volumes begin to increase. The current hashing price has come close to the costs of miners and as we currently see a market rally, indicating that investors should no yet panic. According to independent analyst Tommy Tang, Bitcoin’s price may bottom out again after falling out of the upward channel. It is expected to hover around $6,200 mark and the future trend depends on where the rebound remains.
Block Asia Partner: TokenInsight https://tokeninsight.com/