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Bitcoin falls to $ 7,400

Bitcoin falls to $ 7,400


Today Tuesday December 10, the price of bitcoin is falling. At 09:40 Spanish peninsular time, the largest cryptocurrency by market capitalization is trading at $ 7,407.29 (-1.32%), according to CoinMarketCap.

Chart for EXANTE USD / BTC pair For its part, ethereum has fallen to $ 147.91 (-1.59%), while XRP has fallen 1.98% to $ 0.224. The Bakkt cryptocurrency platform has just launched futures trading with physical payment and options for bitcoin. Both products are based on the supply of bitcoin futures that Bakkt launched in September.

The platform intends to develop new products based on its bitcoin futures with physical delivery.

The FxPro analyst team notes: “Bitcoin has successfully developed a new lateral price trend, which has caused market participants to expect the cryptocurrency to collapse to $ 5,800”.

It should be noted that China is working on its plans to implement the blockchain in The economy It is difficult to predict the effect of the launch of the Chinese digital yuan as well as other national digital currencies by other countries in the cryptocurrency market, however, it is increasingly clear that China sees a competitor in bitcoin.

The hash power and price dynamics of the BTC have resulted in investors making fairly pessimistic comparisons in relation to the situation last year, when bitcoin, which had been stagnant for a long time at the same level, collapsed to $ 3,000 On this occasion, everything seems to be developing in a similar way, however, we must not forget that the market tends to behave in a totally opposite way from what is expected of it.

The index of greed and fear is at the level of fear, which also reflects the confusion of investors about future prospects.

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