Market data as of 11:27pm , 26 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 search trend growth rates increased to 0.02% from yesterday’s figure of 0.012%. Meanwhile, the number of Bitcoin being exchanged has hit a new record high in the past 5 months, increasing to 249,000. BCtrend analyst states that Bitcoin’s popularity has now been above the weekly average while other tokens’ popularity have stagnated. Currently new capital entering the market is insufficient. The outlook on BTC is hard to remain long time.
According to independent analyst Tommy Tang, Bitcoin’s price has fallen as expected and it is not likely to climb above $8,300. If it stops falling around the $7900 mark, a new round of capital entering the market is likely to be seen.
Block Asia Partner: TokenInsight https://tokeninsight.com/