22 August 2018

Overview of the cryptocurrency market. August 22

Today's trading day started with a sharp rise in the cryptocurrency market. BTC for today's trading period rose by 5,9%. Especially noticeable growth showed such altcoins like from the TOP-30 as Dash, VeChain and OmiseGo, their daily rise from 10% to 30%. Capitalization of cryptocurrency market continues to increase, it is $219 billion, daily volumes - at $12 billion. The index of dominance of the main cryptocurrency continues to grow and is approaching the level of 53%.

While it's rather difficult to say what became the trigger for the growth of the entire digital market. Considered the fundamental component, we can assume that investors believe that the US SEC can make the right decision regarding the listing of BTC futures from ProShares. The calculated technical part, on the daily BTC schedule, a rebound from the lower range of $8 300 - $6 200, indicated by us earlier. About how long the movement continues to go up, it's still difficult to say. A situation of uncertainty has emerged on the market. It's possible that the growth of сryptocurrency market can be speculative, then inevitably the price will continue to fall.

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