Market data as of 12:09pm, 9 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 rates dropped to 0.04% (compared to 0.08% of yesterday) in line with the falling market price. Bitcoin was exchanged above the 200,000 activity line and stayed around the 224,000 mark. BC trend analyst states that although BTC popularity has bottoemmed out, new mining machines now result for half of the former mining machines, which has caused the decrease of mining costs and consecutive dumping. According to independent analyst Tommy Tang, Bitcoin price has continued to decrease to $6,100 mark. Though several indices indicated serious over-selling, current outlook on Bitcoin is still fairly weak and it is very likely to hit a new low. Investors are advised to stay alert.
Block Asia Partner: TokenInsight https://tokeninsight.com/