Market data as of 11:32am, 13 August 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 analysis, Bitcoin popularity growth rates were 0.022% compared to 0.035% of last week. The number of Bitcoin’s exchanged has decreased to 164,000, by 3.6% compared to 170,000 of last week. BC trend analyst states that currently the large drop in Bitcoin shorts has caused current market to remain at a sluggish pace.Market rebound seems not likely to happen. The mining cost and investing risks are now increasing.
According to independent analyst Tommy Tang, bearish sentiment is rife in the market and Bitcoin has remained sideways with market contraction. However, its price has stayed above $6,000 and this would be a crucial support level for the short-term.
Block Asia Partner: TokenInsight https://tokeninsight.com/