Market data as of 11:53pm, 29 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 rebounded by 0.0407% after falling for 5 consecutive days. However, the number of Bitcoin exchanged decreased by 5.5% to 213,000 compared to the same period of last week. The number of active addresses has stayed at 586,000, which is the same as that of yesterday. BC trend analyst Jeffrey states that Bitcoin hashing power began to increase because of the decreasing mining cost and that a downward adjustment is likely to be seen.
According to independent analyst Tommy Albert, the market is facing a correction in the short term though Bitcoin price has broken through the $7,100 mark as technical indicators show over purchasing.
Block Asia Partner: TokenInsight