Market data as of 11:32am, 2 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 rate have decreased to 0.094%, lower than last week’s figure of 0.31%. The number of Bitcoin exchanged during the past 24 hours has also decreased by 3.7% to 237,000 compared to yesterday’s figures. In addition, hashing difficulty was noted at 42.57EH/s. BCtrend analyst states that the falling price of BTC has caused the decrease of Bitcoin’s mining profitability per unit. Because of this, investors are advised to stay alert and wait for opportunities.
According to independent analyst Tommy Tang, after the significant market correction, Bitcoin is rebounding temporarily. However, it is not likely to climb above $7,800 and is expected to hover around the $7,300 mark.
Block Asia Partner: TokenInsight https://tokeninsight.com/