Market data as of 10:47am, 16 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’s popularity has rebounded for 2 consecutive days now to 0.0327% while the number of active addresses decreased by 13.1% to 465,000 from yesterday’s figure of 489,000. Meanwhile, Bitcoin hashing profitability per T-hash per day hit a new record low of this year to $0.227. BCtrend analyst states that miners are being cleaned out and dropping from the pools. Bitcoin’s popularity is slowly recovering and its price is likely to rise later this month.
However, according to independent analyst Tommy Tang, Bitcoin price dropped again after rebounding significantly to $6,600. The market sell-off pressure is very likely to drive Bitcoin price and bottom out again.
Block Asia Partner: TokenInsight https://tokeninsight.com/