October 17, 2019, 23:46


Cryptocurrency Market Drops Slightly Amid Investor Uncertainty

Cryptocurrency Market Drops Slightly Amid Investor Uncertainty

Cryptocurrency Market Drops Slightly Amid Investor UncertaintyCC0 / Namecoin / Cryptocurrency Art GalleryBusiness18:32 25.03.2018Get short URL
0
10

With the cryptocurrency market still in its infancy, investors are still trying to get used to its price volatility.

Following a major rally of a very impressive $20 billion, all major cryptocurrencies, including Bitcoin and Ethereum have dropped by more than 4 percent.

Market experts say the drop came after Binance, which is one of the world’s largest cryptocurrency exchanges, received a stern letter from Japan’s Financial Services Agency demanding that the company register itself in line with Japanese law it wants to operate in the country.

The cryptocurrency market is volatile moving up and down depending on the on the supply and demand from the market, which is still at its early stage and responsive to big-time investors moves to influence it.

The past few weeks has seen Bitcoin, Ethereum and other major cryptocurrencies falling from $9,000 to $8,300, rebounding to $9,100 only to slide down to $8,500 on Sunday.

READ MORE: Russian Draft Bill Defines Cryptocurrency as Assets, Not Legal Tender

Experts believe that until big investors come in, the cryptocurrency market is likely to remain volatile.

Sourse: sputniknews.com

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Weather

Moscow

Today10/17/2019
18℃

Fri
10/18/2019
broken clouds

  • broken clouds
  • HI/LO: 12/9
  • Clouds: 84%
  • Wind: 4.34 m/s
  • Wind Direction: WNW
  • Pressure: 1016hPa
  • Humidity: 79%

Sat
10/19/2019
overcast clouds

  • overcast clouds
  • HI/LO: 14/9
  • Clouds: 90%
  • Wind: 2.87 m/s
  • Wind Direction: SW
  • Pressure: 1021hPa
  • Humidity: 76%

Sun
10/20/2019
overcast clouds

  • overcast clouds
  • HI/LO: 14/8
  • Clouds: 100%
  • Wind: 4.249 m/s
  • Wind Direction: SSW
  • Pressure: 1021hPa
  • Humidity: 73%

Mon
10/21/2019
overcast clouds

  • overcast clouds
  • HI/LO: 14/10
  • Clouds: 100%
  • Wind: 4.715 m/s
  • Wind Direction: SW
  • Pressure: 1019hPa
  • Humidity: 73%

Tue
10/22/2019
overcast clouds

  • overcast clouds
  • HI/LO: 13/9
  • Clouds: 100%
  • Wind: 2.925 m/s
  • Wind Direction: SSW
  • Pressure: 1014hPa
  • Humidity: 78%

Wed
10/23/2019
light rain

  • light rain
  • HI/LO: 11/7
  • Clouds: 100%
  • Wind: 2.322 m/s
  • Wind Direction: NW
  • Pressure: 1014hPa
  • Humidity: 81%

NEWS

    Сторонняя реклама



    Статьи
    Статьи В
    Создание Сайта Кемерово, Создание Дизайна, продвижение Кемерово, Умный дом Кемерово, Спутниковые телефоны Кемерово - Партнёры
    Яндекс.Метрика