Market data as of 11:45am , 27 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 index growth rates have increased to 0.31% and has achieved its second highest peak in this month. The number of transfers has slowed continuously during these past two days down to 225,000 and has fallen below the current weekly average line. BTC’s hash rate reached 42.26 EH/s, rising by 0.52% compared to yesterday, which hasn’t slowed when compared along the downward price trend. BCtrend analyst states that Bitcoin popularity has reached a peak as expected and the new entrants are mainly individual investors. So considering the insufficient capital inflow, the market correction is very likely to continue.
According to independent analyst Tommy Tang, Bitcoin’s price has fallen largely and the market outlook is negative. Investors are advised to focus around the $7900 mark.
Block Asia Partner: TokenInsight https://tokeninsight.com/