Bit-comment: Bitcoin lost 1%
December 12, 2019 @ 11:34 +03:00
Bitcoin flat has been going on for more than 20 days. Over the past 24 hours, BTC loses about a percent and changes hands for $ 7,200. The greed and fear index shows the value of Extreme Fear, indicating, on the one hand, negative sentiment among investors and, on the other hand, the approaching moment of bear exhaustion. The end of 2019 and the beginning of 2020 may turn out to be very weak for bitcoin and altcoins, since in the near future the market is having difficulty finding growth drivers. Neither the launch of settlement futures on Bakkt, nor the sudden increase in USDT emissions, which are often associated with crypto market pumps, had a positive effect on the cryptocurrency rate. There remains the last option with problems in the traditional sector, which has been plagued by trade wars, while investors see the stock market as a time bomb. Usually, in such conditions, demand attracts gold, but the world is changing, and it is possible that new investment assets will also attract a portion of investor funds.