Market data as of 10:30am, 13 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 analysis, Bitcoin’s community growth rates decreased from last week’s average of 0.1% to 0.01% after Its price fell. The number of active addresses increased by 22% compared to yesterday to 608,000 and the overall global search indexes rose by 9% from yesterday. BCtrend analyst states that since there are few bottom fishing traders and more panic sellers during Bitcoin’s price decrease, the market is likely to enjoy a promising return . According to independent analyst Tommy Tang, BTC began to rebound from the $6,100 mark this morning but it may still bottom out if it fails to climb above $6,400.
Analyst Dongxie figures that many coins have hit new record lows, leading to a heavy recent downward market downtick. Investors are advised to wait for an opportunity to buy in after trading volume begins to steadily increase.
Block Asia Partner: TokenInsight https://tokeninsight.com/